Home » Wall Street: Dow Jones rallies by over 300 points, focus on Nvidia, Ipo Oatly and Tesla on Nasdaq

Wall Street: Dow Jones rallies by over 300 points, focus on Nvidia, Ipo Oatly and Tesla on Nasdaq

by admin

Wall Street positive for the second consecutive session, after three consecutive sessions of losses, also fueled by the panic that hit the Bitcoin and cryptocurrency market last Wednesday.

The Dow Jones jumped over 300 points (+ 0.90%), to 34,388 points; the S&P 500 advanced 0.62% to 4,185 points, while the Nasdaq advanced 0.35% to 13,583 points.

The disposals charge has led to the world‘s number one cryptocurrency losing up to -30% or so within 24 hours, capitulating to around $ 30,000. Fast recovery, which has brought the digital currency back to catching up and exceeding the $ 40,000 threshold in the last two days.

Crypto stocks such as Tesla, Coinbase + 0.70% and MicroStrategy + 1.6% have also recovered ground. Among the weak hi-tech stocks, FAANGs such as Facebook -0.55%, Amazon -0.34% Apple -0.40%; Nvidia, on the other hand, did well + 2.7%, which announced a 4 to 1 share split.

Among the other company stories, focus on Oatly, fresh from the IPO with which she landed on the Nasdaq yesterday. The stock has consecrated its debut with a rally of 18% and is currently jumping almost + 9%.

The Swedish oat milk company, which made its debut in American coffeeshops as early as five years ago, went public on Wall Street yesterday, just before noon New York time, with the stock that kicked off its trading at $ 22.12, compared to $ 17 of the placement price announced by the group on Wednesday, for a capitalization of $ 13.1 billion.

Attention also to the rise in the Ford stock, + 2.2%, which announced that it has already received 20,000 bookings for its new F-150 electric pickup. Quotes are up by 1.7%.

See also  If the guru of the "Forum Ambrosetti" arrives at Villa Tornaforte-Aragno

Home Depot did well + 0.60%, after the retailer group announced a new share buyback plan, worth $ 20 billion.

Tesla is up by about half a percentage point, in the face of the recovery of Bitcoin.

The US stock market is oriented to close the week mixed: the Dow Jones lost 0.9% until yesterday’s session; the S&P 500 was down 0.4%, down for the second straight week, while the Nasdaq gained 0.8%, up on a weekly basis for the first time after four consecutive weeks of declines.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy