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Tesla stock price rallied sharply after the company announced five for one stock split in order to make stock ownership more accessible to investors and employees.
The chief executive officer Jeff Bezos has sold 454.3K shares in his company's common stock this week valued at $1.42bn. That represents 0.8% of his total holding. He sold shares on Monday and Tuesday at a price of around $3150 a share. The founder of the largest e-commerce company currently holds 55M shares.
Gold broke above the $2,000 handle, with prices reaching a session high of $2,055. This has mostly been contributed towards continued dollar weakness, with the dollar index (DXY) sliding towards 92.50, a further fall here could see a free fall towards 92.00.
The dollar index has staged a retracement , up +0.41%. This is likely a technical correction supplemented with positive manufacturing data after weeks of heavy selling. According to ING, the 94.50 level will be a difficult level for the index to clear.