U.S. stock higher in pre-market trading for,Jan 12.The Dow Futures is trading at 30,987.00 up with +0.15% percent or +45.00 point.The S&P 500 Futures is trading at 3,801.62 up with +0.25% percent or +9.62 point.The Nasdaq Futures is trading at 12,941.20 up with +0.34% percent or +44.25 point.

Tuesday’s Factors and Events

The buying fever that began soon after Musk’s remark illustrates an occasional issue in public markets of people investing in the wrong companies by mistake.

A similar case played out in 2019 as some people bought shares of Zoom Technologies, whose ticker symbol was ZOOM but was not the trendy video-calling service Zoom Video Communications, which trades under the symbol ZM. Last year the U.S. Securities and Exchange Commission stopped trading of Zoom Technologies, partly because of confusion over its connection with Zoom Video.

Monday Activity

For the day the Dow is trading at 31,008.69 with a loss of –percent or –89.28 point. The S&P 500 is trading at 3,799.61 with a loss of – percent or –25.07 point. The Nasdaq Composite is trading at 13,036.43  with a loss of percent or –165.54 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 2,091.01 with a loss of -0.03% percent or -0.65 point; the S&P 600 Small-Cap Index closed at 1,195.22 up with + percent or  +4.96 point; the S&P 400 Mid-Cap Index closed at 2,421.81 up with + percent or +5.44 point; the S&P 100 Index closed at 1,732.24  with a loss of – percent or  ?15.09 point; the Russell 3000 Index closed at 2,286.52  with  a loss of –percent or -12.70 point; the Russell 1000 Index closed at 2,150.65 with a loss of –or ?12.84 point.

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