Technology stocks led the advances, and the Nasdaq outperformed with a gain of 1.8% during the session.
Jeff Bezos has once again become the world’s richest person for the second time this month.
Stock traders momentarily increased their selling pressures on technology shares that have rallied through COVID-19 and rotated into cyclical stocks.
With the price of Bitcoin breaching $55,000, Bitcoin's market value has now breached $1 trillion.
Jeff Bezos's current wealth valuation of $191 billion has seen his personal wealth which mostly comes from Amazon stocks, record steady gains
Jeff Bezos is now worth $191 billion and within striking distance of the present world’s richest man, Elon Musk, estimated to now be worth $194 billion.
Founder, Amazon is expected to step down from his role by the third quarter of 2021.
Parler has sued Amazon Web services after Amazon banned the website from being hosted on its servers.
Tesla stock rallied more than 7%, bringing its market value to $834 billion. while Facebook closed at a market capitalization of $762 billion.
Latest data reveals that the world's top billionaires gained $270.35 billion in 2020.