Stock Market News: Tesla, Netflix shares jump, JPMorgan CEO Dimon on China

Netflix shares get price hike

Netflix Inc.

$

415.77

Netflix shares jumped
after two firms, JPMorgan and Wells Fargo, lifted price targets. Wells Fargo now sees the potential for shares to reach $500 – the highest target among Wall Street firms. The firm cited the adversting market as a tailwind.

Bitcoin, crypto updates

Bitcoin trading remains choppy after the Securities and Exchange Commission sued crypto exchange Coinbase. Even with the volatility prices are up 62.8% YTD but still down by roughly the same amount from its all-time high of $67,802, as tracked by Dow Jones Market Data Group.

Real estate’s ticking time bomb

The commerical real estate market is showing cracks as several billionaires sound the warning alarm on what it means for the U.S. economy.

JPMorgan CEO sounds off

Jpmorgan Chase Co.

$

139.34

JPMorgan CEO Jamie Dimon sounded off on the dysfunctional U.S. policies on China after he recently returned from a trip to the country expanding his banking empire.

Tesla tax credits

Tesla Inc.

$

221.31

Several Tesla models are eligible for tax credits according to an update on the automaker’s website.

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