US equity markets - Dow up +261-points or +0.74%, taking the indice’s two-day rebound to over >800-points or ~2.3%. Caterpillar Inc rose 1.94% after Bernstein upgraded the stock, saying the machinery maker will be a key beneficiary of a rebound in global growth. The broader S&P500 rose +1.02%, with Consumer Discretionary (up +1.73%), Information Technology (+1.33%) and Health Care (+1.17%) all gaining over >1% to lead all eleven primary sectors higher. Tesla Inc jumped +7.49%, with Elon Musk saying in a podcast that he had reached his goal of selling 10% of his shares in the electric vehicle maker to fund enormous tax obligations. A regulatory filing late on Tuesday (21 December) showed that Mr Musk sold a further 583,611 Tesla shares, bringing the total number of shares he has offloaded to 13.5M. Separately, Syrah Resources (SYR.ASX) it has signed an offtake agreement with Tesla for natural graphite from its production plant in Louisiana. The Nasdaq +1.18%. The small capitalisation Russell 2000 added +0.86%. Alibaba Group Holding Ltd’s American Depository Receipts (ADRs) fell -4.20% following reports that China’s IT regulator disciplined the company for failing to report an open-source security vulnerability to the government.