U.S. stocks shifted between gains and losses on Wednesday after major indexes fell on the previous day, as concerns over inflation and global economic growth caused further volatility in all risk assets.
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...
The S&P 500, Dow and Nasdaq woke up just before 11:00 a.m. ET. The previous day, the S&P 500 fell 2.8% on Tuesday with its biggest decline in seven weeks, and technology shares hit higher. Nasdaq Composite is down 4% to down 12,490.74 - its lowest level since December 2020. With three trading days left in April, the S&P 500 is tracking a monthly decline of 7.8%.
The cool quarterly lead season continued, with Big Tech companies reporting wages after the market closed on Tuesday produced mixed results. Microsoft shares have risen after the company posted sales and earnings in excess, which was partially driven by continued growth in its Azure cloud computing business. The alphabet, however, has seen stocks drop after posting a sharp decline in YouTube ad sales growth and earnings, as the company's overall revenue is in line with rates. Peer-driven Meta Platforms is ready to report results Wednesday after the market closes.
U.S. stocks traded this week extended the volatility seen so far in April this year to date, as investors continue to monitor inflation signs and another strain chain as China faces COVID-19 in key regions. And although the Federal Reserve is on the verge of extinction ahead of a central bank meeting in May next week, investors are still keeping hopes of tightening monetary policy at the forefront of their minds, as higher prices and borrowing costs are poised to undermine corporate growth rates. .
"The wall of concern has been building, as it relates to the Fed's concerns," Matt Stucky, senior portfolio manager for Northwestern Mutual Wealth Management, told on Tuesday. "Over the past three months, the futures market has been priced at three or four interest rates throughout 2022. We are even more so now. And markets are priced at about 2.7% of fiscal policy by the end of the year. which has been growing all year.
Given this thousand concerns, some analysts have suggested that investors step up their pursuit of greater happiness in the near future.
"There are a lot of reduced prices but I think there is still a lot to be done with the discounts. So I can be careful about entering the market at this time," Kathy Entwistle, managing director of Morgan Stanley Private Wealth Management, told. "It's impossible to call it low, so we'd like to make a dollar cost when we get in."
"Procurement has been a problem, we have had problems in China, we have inflation - all these are things that we have known and kept coming up with," he added. "But I think everything will come to a head right now and everyone is at a time when it seems like there is nowhere to go. We know that [Fed's] action will eventually happen and will disrupt markets."
6:10 p.m. ET Tuesday: Stock futures open mixed
Here's where stocks were trading Tuesday evening:
