Markets on Wall Street started the new trading week with gains. The technology NASDAQ 100 (US100) is currently up 0.83% and is trying to get back above the psychological barrier of 15,000 points. Today's mover is definitely Twitter, which is gaining over 25% due to Elon Musk buying over 9% of the company's shares.
US100 index quotations, D1 interval. The US technology index started today's cash trading with over 0.8% gains. Last week's declines were stopped at the support marked by the 100- and 200-day exponential moving averages and now the market is fighting for a permanent breakout above the 50% Fibo retracement. Source: xStation 5
News:
Twitter (TWTR.US) shares jumped more than 26% before the opening of today's cash session after an SEC report revealed that Elon Musk took a 9.2% stake in the company.
Tesla (TSLA.US) reported that it delivered 310,000 vehicles during the first quarter. The result is a record if the company's previous results, but it failed to beat the analyst consensus. At the moment, the stock is gaining more than 1%.
The shares of Starbucks (SBUX.US) fell by over 4% before the market opened in the USA due to the discontinuation of the share buyback program.
Canada is expected to announce today investments in two new General Motors (GM.US) manufacturing plants, Reuters reported. The value of the investments is not known at this point.
Ocugen (OCGN.US) shares suffered a sharp decline, losing over 6% at the moment, following the World Health Organization's announcement that it has suspended purchases and deliveries of the Covaxin vaccine.
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