a sign in front of a building: View from the street of Tesla Motors showroom with multiple luxury Tesla cars inside. Tesla is an American company that designs, manufactures, and sells electric cars

© (Getty Images) View from the street of Tesla Motors showroom with multiple luxury Tesla cars inside. Tesla is an American company that designs, manufactures, and sells electric cars

Early morning gains quickly turned to losses on the first trading day of 2021 Monday, as a mixture of anxiety over global coronavirus shutdowns and political uncertainty combined to turn Wall Street red.

As another chapter of the pandemic’s story unfolds, British Prime Minister Boris Johnson unveiled a fresh round of lockdowns, spurred by a fast-spreading new strain of the virus plaguing the globe. The emergency measures harken back to the March 2020 shutdowns of “nonessential” businesses.

Tuesday’s runoff elections in Georgia – which will determine which party controls the U.S. Senate and ultimately whether Congress and the White House will both be controlled by Democrats – were also in focus Monday.

The Dow Jones Industrial Average lost 1.3%, or 382 points, to finish at 30,223.

Bitcoin remains volatile. Although perhaps not a headline totally foreign to investors, the world’s leading cryptocurrency suffered a modest pullback Monday following a fierce rally that saw Bitcoin more than quadruple in just one year.

After soaring to levels above $34,000 on Sunday, the burgeoning digital currency slipped to $31,400 by late Monday afternoon, shedding about 5%. Although Bitcoin adoption has been increasing, with companies like PayPal (ticker: PYPL) recently agreeing to add functionality and payment options, BTC has also been ripping higher at a seemingly unsustainable pace.

TSLA starts 2021 on the right track. Recent S&P 500 inductee Tesla Motors (TSLA) added 3.4% on Monday after CEO Elon Musk celebrated a milestone achievement of 500,000 vehicles produced in 2020.

After a year in which TSLA stock surged more than 700%, Monday’s gain wasn’t a bad way to start the New Year; easily the most valuable automaker in the world, Tesla’s market capitalization is currently flirting with $700 billion.

Where in the world is Jack Ma? Alibaba (BABA) founder Jack Ma has been conspicuously absent from the public eye for several months now – a timeline that conveniently lines up with critical comments the billionaire made about Chinese regulators.

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