Analyst Vincent Martin at Investing argued that “in less than 17 months, stocks have lost an unbelievable more than three-quarters of their value.” The cause would be, according to his vision: “The extraordinary drop is because US investors have been spooked by regulatory moves, both at home and in China.”
For its part, Nvidia and Paypal fall in tune with the Wall Street technology index, Nasdaq. According to traders, “expectations of faster interest rate hikes made high-growth stocks less attractive.” Amazon, Apple and Nvidia yielded between 1% and 3.7%.
For its part, the rises were led by Twitter (+2.5%), Walmart (+0.9%) and Exxon (+0.8%). As for the Cedears ETF, ARKK, for innovation, fell 5.5%, and the SPY, which follows the S&P 500, fell 0.8%.
Twitter Inc. said in a regulatory filing Tuesday that it signed an agreement with Musk on Monday that will give the billionaire a seat on its board of directors, with the term expiring at its 2024 annual shareholder meeting.
Musk, who has 80 million followers on Twitter, bought 73.5 million shares, worth about $3 billion. The businessman tweeted today that he wants to make “significant improvements to Twitter in the coming months.”
Source: Ambito
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