US stocks curbed all losses in late afternoon trading to end the session with gains across the board.
| ticker | Security | load | Change | change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGE | 33567.82 | -481.64 | -1.41% |
| SP500 | S&P 500 | 4219.01 | -77.11 | -1.79% |
| I:COMP | NASDAQ COMPOSITE INDEX | 12614.869832 | -389.98 | -3.00% |
TWITTER ACCEPT MUSK’S $44B BID
The Dow Jones Industrial Average cut a 400 point drop, adding over 238 points or 0.7%, while the S&P 500 and Nasdaq Composite rose 0.6% and 1.3%.
Shares of Twitter rose over 5% after the Board accepted Elon Musk’s $54.20 per share offer to take the social media giant private in a deal valued at $44 billion. Musk, in a tweet, said the deal is a win for free speech.
| ticker | Security | load | Change | change % |
|---|---|---|---|---|
| TWTR | TWITTER INC. | 50.05 | -1.65 | -3.18% |
In earnings, 167 companies in the S&P 500 – or one-third of the benchmark index – will report this week. Included in that list are 13 Dow members, or just over 40% of the blue chip index.
Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums. Coca-Cola was among the companies to suspend operations in Russia after it invaded neighboring Ukraine. But on Monday, it stuck by earlier revenue growth projections of 7% to 8% and per-share growth of 5% to 6% for the year.
| ticker | Security | load | Change | change % |
|---|---|---|---|---|
| KO | THE COCA-COLA CO. | 65.94 | +0.69 | +1.06% |
Later in the week, several mega-cap consumer/tech titans: Apple, Amazon, Microsoft, Meta Platforms and Alphabet.
| ticker | Security | load | Change | change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 162.88 | +1.09 | +0.67% |
| AMZN | AMAZON.COM INC. | 2,921.48 | +34.48 | +1.19% |
| MSFT | MICROSOFT CORP. | 280.72 | +6.69 | +2.44% |
| META | n / A | n / A | n / A | n / A |
| GOOGL | ALPHABET INC. | 2,461.48 | +68.77 | +2.87% |
TEXAS JUDGE INVITES DISNEY TO MOVE FROM FLORIDA AMID DESANTIS FEUD
ELON MUSK CONFIRMS HE TURNED DOWN BILL GATES ON CLIMATE CHANGE COLLABORATION OVER SHORTING TESLA
Rising COVID-19 cases in China are setting off worries about more pandemic lockdowns that would crimp economic recoveries in the region. Other nations are also dealing with economic woes related to COVID-19, such as the absence of tourism revenue in Japan, where cases are still going up and down while it gradually opens its borders, but only to business travelers.
| ticker | Security | load | Change | change % |
|---|---|---|---|---|
| USO | UNITED STATES OIL FUND LP | 74.65 | -1.66 | -2.18% |
| BNO | UNITED STS BRENT OIL FD LP UNIT | 29.43 | -0.81 | -2.68% |
In commodities, oil prices fell, with US crude slipping to $98.54 per barrel, while Brent, the global benchmark, fell to $102.32.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The Associated Press contributed to this report.
