Home Business Wall Street leaps forward, Nasdaq + 1.8%. Buy on Amazon on the day of the stock split, watch out for Twitter and Tesla

Wall Street leaps forward, Nasdaq + 1.8%. Buy on Amazon on the day of the stock split, watch out for Twitter and Tesla

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Wall Street leaps forward, Nasdaq + 1.8%.  Buy on Amazon on the day of the stock split, watch out for Twitter and Tesla

Wall Street solidly up, after last week’s negative trend. At around 16.30 Italian time, the Dow Jones jumped by more than 310 points, + 0.96%, to about 33,214 points; the S&P 500 advanced 1.37% to 4,164 points, while the Nasdaq rose 1.81% to 12,225. Focus among the stocks on Amazon: the share split operation kicks off today in a ratio of 20 to 1. The stock of the e-commerce giant jumped by more than + 4%.

The star of the soap opera Twitter-Elon Musk. Tesla number one Elon Musk accused Twitter of having “resisted and dodged” its right to receive more detailed information on fake accounts and spam, speaking of “a clear and significant violation” of the agreements reached by the counterparties. , by the microblogging company.

Consequently, “Mr. Musk reserves the right to exercise all his rights, including the right not to carry out the transaction and the right to break the agreement”, reads the letter sent to Twitter and signed by Musk’s lawyer. , Mike Ringler.

The Twitter stock loses more than 4%, while Tesla – whose prices had discounted fears that its CEO would end up getting too distracted with the ‘soap opera’ TWTR – gains more than 2%, only to dampen the rises.

Buy on Wall Street on the shares of companies active in the installation and production of solar panels, in solid rise after rumors reported by Reuters that the Biden administration is ready to announce a two-year exemption from duties for the panels solar imported from four Southeast Asian nations.

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These are Cambodia, Malaysia, Thailand and Vietnam. The White House is also preparing to launch other measures to support the development of solar energy in the United States.

Salgono i titoli SolarEdge Technologies (SEDG), Sunrun (RUN) in rally di oltre +11%, First Solar (FSLR), JinkoSolar (JKS) e SunPower (SPWR).

And the stock of Didi Global, the Chinese ride-sharing giant also known as Chinese Uber, traded on Wall Street after the IPO launched at the end of June 2021, is up by more than + 50%.

Impact are the rumors of the Wall Street Journal, according to which the Beijing authorities have put an end to a one-year investigation, and are consequently ready to lift the ban that prevented potential customers of the group from downloading the APP from the APPs. Chinese stores.

Wall Street ushers in a new week, after the previous one closed in the red: the Dow Jones lost 0.9% on a weekly basis, falling for the ninth week of the last ten, while the S&P 500 and the Nasdaq Composite lost respectively 1.2% and 1%, in the red for the eighth week of the last nine.

Last Friday, from the macroeconomic front of the United States, the May employment report was released, which highlighted a growth of 390,000 new jobs, confirming the fears of those who believe that the Fed of Jerome Powell will continue to be aggressive. on the interest rate front.

“For now, the market sees a Fed trying to navigate a painful and bumpy path, at the same time looking for an easy way out,” Quincy Krosby, chief equity strategist at LPL Financial, told CNBC. he finds between wanting to believe in the rally phases and not believing that the Fed will be able to ensure a soft landing “.

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“For investors, the second half of 2022 will be like being on a roller coaster, unless the Fed is able to bring inflation down without a hard landing,” said Peter Essele, Head of Portfolio Management at Commonwealth. Financial Network – Most investors seem
focus on a crash-and-burn scenario right now, with fears of a recession abounding. “

But today it must be said, US equities are able to find ideas for a comeback. 10-year Treasury rates are now up around the 3% mark.

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