Market Debrief (Monday April 4, 2022)

 Happy Monday Stock Talkers!


Stocks kicked off the week on a high note, with Nasdaq leading the way with gains of 1.90%. Investors are on the lookout for more sanctions to be pressed against Russia, but that wasn't the main story of the day. Tesla CEO Elon Musk announced this morning that he now has a 9.2% stake in Twitter. Twitter traded higher today, rising a tad bit over 27% during todays trading session. This was the cause of the Technology to go higher and caused some investors to speculate what he might do with his stake. Globally, investors have their eye on the European Union as they advance with measures to be put in place against Russia. Over the weekend, travelers saw mass cancellations with certain airlines, causing a huge controversy in the travel industry. Some of the cancellations were blamed on the weather, while the other cancellations seemed too arise from "technological problems". I firmly believe this could have been a potential cyber attack from Russia, with sanctions already pressing against Russia from the United States, it only seems right. Russia seems to be a leader in cyberattacks and it seems as if they want to retaliate against US companies for imposing sanctions on them.

Major Indices:    

  • S&P 500      4,582.64 +36.78 (+0.81%)
  • DJI              34,921.88 +103.61 (+0.30%)
  • Nasdaq        14,532.55 +271.05 (+1.90%)

Most Active Stocks (Volume):

  • Twitter, Inc. ($TWTR) (264.14M)
  • NIO Inc. ($NIO) (101.079M)
  • Advanced Micro Devices , Inc. ($AMD) (90.039M)

Notable Gainers (Large Cap):

  • Twitter, Inc. ($TWTR) (+27.12%)
  • KE Holdings Inc. ($BEKE) (+17.27%)
  • Bilibili Inc. ($BILI) (+16.55%)

Notable Losers (Large Cap):

  • Gold Fields Limited ($GFI) (-7.20%)

Company News:

  • Elon Musk announced that he now has a 9% stake in Twitter ($TWTR).
  • Walmart ($WMT) has thwarted $4 Million in elder gift card scams.
  • Food prices will continue to rise over the next few months according to Gristedes CEO.
  • Ford Mustang and Chevy Camaro production have been suspended due to supply chain issues.
  • Starbucks CEO has promised to ease labor tensions.
Earnings I'm Watching Tomorrow:
  • Acuity Brands, Inc. ($AYI)

*Information from Yahoo Finance, CNBC, Fox Business, and Nasdaq

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