Wednesday, May 18, 2022
Home Business Mid-session analysis AOF Wall Street – Nice weekend rebound

Mid-session analysis AOF Wall Street – Nice weekend rebound

(AOF) – Wall Street rebounds in the wake of European stock markets. Jerome Powell has confirmed his intention to carry out two rate hikes of 50 basis points. Some fear a rise of 75 basis points. In addition, the health situation seems to be improving in Shanghai. The authorities have spoken of a gradual lifting of health restrictions. In terms of values, Twitter fell after Elon Musk’s decision to temporarily suspend his takeover project. Around 5:15 p.m., the Dow Jones gained 1.5% to 32,195.6 points. The Nasdaq climbed 3.2% to 11,739.8 points.

Twitter drops nearly 10% to $40.63 per share in New York. The cause of this heavy fall? Elon Musk. The iconic billionaire has announced that his plan to buy the microblogging social network for $44 billion has been temporarily suspended. “Deal is temporarily on hold pending details regarding calculations that fake accounts and spam actually represent less than 5% of users,” the Tesla boss tweeted.

Today’s economic figures

In the United States, the consumer confidence index measured by the University of Michigan came out, as a first estimate for the month of May, at 59.1. Economists were counting on 64 after 65.2 in April.

The values ​​to follow today

Starbucks

Howard Schultz, who took over as head of Starbucks, announced the end of share buybacks. However, the founder of the coffee chain does not apply this decision. He repurchased in his own name 137,500 shares at an average price of 72.67 dollars each. The investment amounts to 10 million dollars. Howard Schultz now owns 19.5 million Starbucks shares in a personal account and an additional 2.2 million shares through limited liability companies.

You’re here

Tesla is said to have put its plans to sell electric vehicles in India on hold, abandoned the search for premises and reassigned part of its team there. This decision would stem from the fact that the manufacturer of electric vehicles would not have obtained lower customs duties. This was reported by Reuters, based on three sources with knowledge of the matter.

Twitter

Twitter drops nearly 13% in pre-opening on Wall Street this Friday. The cause of this heavy fall? Elon Musk has announced that his plan to buy the microblogging social network for $ 44 billion has been suspended pending clarification of fake accounts and spam. “Deal is temporarily on hold pending details regarding calculations that fake accounts and spam actually represent less than 5% of users,” the iconic billionaire tweeted.

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