The Dow Jones Industrial Average fought until Monday as technology shares grew. Twitter (TWTR) exploded as Tesla CEO (TSLA) Elon Musk made a deal to acquire TWTR for 54.20 shares. On the contrary, the Donald Trump SPAC Digital World Acquisition (DWAC) exploded.
Why Elon Musk Just Bought Twitter
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On Monday, Elon Musk bought Twitter for $ 44 billion. Musk, C.E.O. of Tesla, the world's richest man, plans to take over a private communications company, and says he wants Twitter to be more...
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Tesla stock fell 11% on Tuesday as investors scrambled with Elon Musk for Twitter acquisition and increased EV competition. Musk uses most of his Tesla stake as collateral to finance the $ 44 billion acquisition on social media. Meanwhile, Ford said it was facing a strong demand for its F-150 and that it plans to produce 150,000 units by 2023. Tesla&#...
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Twitter has announced that it welcomes Elon Musk's $ 44 billion promise to buy on Monday. Jeff Bezos took to Twitter to ask if Tesla's business dealings in China would empower the company. Twitter has been banned in China since June 2009 as part of the country's "Great Firewa...
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Stocks of major US stocks, including Amazon.com, Inc. they trade less amidst general market weakness as the perception of Fed rates and economic concerns undermine market sentiment. U.S. references all of them are also trading lower on a continuing weakness following Federal Reserve Chairman Powell's suggestion that the rate hike ...
Stock market news live updates: Stocks fall sharply ahead of Big Tech earnings
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U.S. stocks plummeted Tuesday, the fastest-growing stock market this month after a short break on Monday when stocks plummeted. Investors are looking forward to the next big tech boom in the coming days, with reports from Microsoft (MSFT) and Alphabet (GOOGL) coming out of the ring. The
Halliburton (HAL) was among the most abandoned as fears of China Covid hit the oil stock. Microsoft (MSFT) was a top blue chip as it prepared to make money.
The volume had risen on both the New York Stock Exchange and Nasdaq compared to the same period on Friday.
Meanwhile, the Treasury's 10-year average yield dropped by eight points to 2.82%. Oil has plummeted amid fears of further China Covid closure, with West Texas Intermediate crude falling by almost 3% to about $ 99 per barrel.
Nasdaq Wars As Technology Shares Shine
Nasdaq was doing very well in major indexes as it rose 0.6%. Moderna (MRNA) performed very well with a profit of more than 5%.
The S&P 500 was flat, down 0.1%. Charles River Labs (CRL) was among the worst laggards as it dropped by about 8%.
U.S. Stock Market Today Overview | ||||
|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 33855.34 | +43.94 | +0.13 |
| S&P 500 | (0S&P5) | 4267.07 | -4.71 | -0.11 |
| Nasdaq | (0NDQC ) | 12909.88 | +70.59 | +0.55 |
| Russell 2000 | (IWM) | 192.57 | -0.11 | -0.06 |
| IBD 50 | (FFTY) | 33.79 | -0.44 | -1.29 |
Last Update: 3:04 PM ET 4/25/2022 | ||||
The S&P sectors were very red. The technical and communication services went very smoothly while the capacity and resources declined significantly.
Small caps were also low, and the Russell 2000 slipped by 0.1%.
It was the growth stocks that suffered the most. Innovator IBD 50 ETF (FFTY), bellwether growth stock, fell 1.3%.
Dow Jones Gains As Microsoft Stock Shines
The Dow Jones Industrial Average has been able to meet in the green zone. Up 0.1%
Microsoft, which prepares for remittances on Tuesday, has been one of the top players. Leader's stock stock increased by more than 1%.
Verizon Communications (VZ) did the worst, falling by about 4%. Stocks have been depleted since we sent income.
It comes after investors tested it by skipping the purchase point of the 55.80-handle cup on Thursday before the results.
Twitter Spikes
Twitter stocks grew after Elon Musk made a deal to acquire the company for a share of 54.20.
Negotiations were ongoing over the weekend based on Musk's request, according to the Wall Street Journal.
Twitter Inc (TWTR)
Twitter stock increased 6.5% to 52.10 in the stock market today.
It is a big face story after the Twitter board said it would reject Musk's offer. It also used the so-called poison pill to make the deal more expensive.
This was before Musk revealed that he had already received funding for the deal.
Going forward, Wedbush Securities analyst Daniel Ives believes Musk will be able to find a deal across the line.
"It all came down to some budding buyers or white knights on the M&A system and the Twitter board was against the wall when Musk explained his $ 46 billion last week to write down the deal," he said in a study. note. "We don't expect any major obstacles to be made as this soap opera concludes that Musk owns Twitter."
Donald Trump SPAC Craters
The move saw Donald Trump SPAC Digital World Acquisition come in sympathy. Used as a public transport vehicle for the Trump Media & Technology Group.
Digital World Acq Cp ClA (DWAC)
Truth Social, a platform known as an alternative to Twitter, was launched on Presidential Day but was plagued by numerous technical issues.
This led to the company's chief technical officer Josh Adams and product development officer Billy Boozer both resigning.
It stays well at the highest of 175, which reached Oct. 22. It now trades part of that.
DWC stock decreased by more than 13% per day. It dropped sharply in March, leaving about 30%, and has now dropped more than 40% so far this month.
Oil Stocks Struggle Amid China's Terrorism
Oil stocks were beginning to shake as fears of a sharp global economic slowdown during the closure of the coronavirus in Shanghai.
Halliburton was one of the worst offenders in the stock market today, falling by more than 6%.
Schlumberger (SLB) was also hit with a hammer, dropping by about 7%. It exceeded last week's revenue.
Devon Energy (DVN) dropped by more than 3%.
Natural gas game Cheniere Energy (LNG) was cut off from the board of directors as it dropped by more than 3%.
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Courtesy Grizler.com
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