(AOF) – US equity markets rebounded in mid-session. Wall Street posted eight out of nine weeks of decline. Investors are worried about persistence and inflation and its consequences, the acceleration of the Fed’s monetary policy normalization and the rise in long rates. Operators welcome statements from the White House regarding a possible reduction in customs duties in order to help temper inflation. Around 5:30 p.m., the Dow Jones 0.8% to 33,158 points. The Nasdaq climbed 1.34% to 12,173.5 points.
Twitter yields more than 5% to 38.06 dollars. Elon Musk raises his voice. For the first time, the billionaire directly evokes the abandonment of his offensive on the social network. In a letter made public, it’s the law, Elon Musk expresses his annoyance with the problem of fake accounts. If this problem is not resolved, he threatens to withdraw his offer of 44 billion dollars, or 54.20 dollars per share. Elon Musk estimates that fake accounts may account for more than 20% of accounts. Twitter ensures that they do not exceed 5%. So he wants to check for himself.
Today’s economic figures
No indicator is expected.
The values to follow today
Apple kicks off its Worldwide Developers Conference on Monday at 1 p.m. maybe a preview of the virtual and artificial reality helmet.
Intercept announced that a scheduled meeting with the FDA to discuss a resubmission of an application for its investigational drug for nonalcoholic steatohepatitis (NASH) has been postponed from June to July.
JetBlue Airways/Spirit Airlines
JetBlue Airways has raised its offer for Spirit Airlines and urged the board to negotiate with it. JetBlue’s new offer includes a reverse severance fee of $350 million payable to Spirit if the deal fails on antitrust grounds, up from an earlier offer of $150 million. The offer thus reaches 31.50 dollars per share, against 30 dollars per share previously. The $30 offer valued the target at $3.3 billion.
Keurig Dr Pepper
Keurig Dr Pepper Inc, ON Semiconductor Corp. and VICI Properties will integrate the S&P500. These three values replace Cerner Corp, Under Armor Inc. and IPG Photonics Corp.
Tesla CEO Elon Musk answered a key question for investors on Saturday afternoon with a tweet. The number of Tesla employees will increase further. Last Friday, the title had fallen by more than 9%, penalized by information Reuters according to which the leader had a “super bad feeling” concerning the economy. In this context, it planned to reduce its workforce by 10%.
Receive our latest news
Every morning, the information to remember on the financial markets.
We would love to give thanks to the writer of this write-up for this remarkable web content
Mid-session analysis AOF Wall Street – Start of the week in the green
You can find our social media profiles as well as the other related pageshttps://yaroos.com/related-pages/