S&P 500 climbed 0.06%, Nasdaq rose 0.5% and DowJones slipped 0.4%Updated time: 24 Jan, 2022, 14:35 (UTC+04:00)
#S&P 500 climbed 0.06%, #Nasdaq rose 0.5% and #DowJones slipped 0.4%. The downside momentum still exists, but is in control thanks to positive #chip stocks and #materials.
Tech: led by #NVIDIA with more than 3% rise after Susquehanna raised the target from $250.00 to $360.00. While big American tech Google-parent Alphabet, Apple and Amazon ended up red, Chinese tech Alibaba and JD benefitted from the Singles Day online shopping in China.
Disney’s excellent sign-up rates could not help as its share price was cut to $172 from $219/share. Beyond Meat’s shares was down more than 13% and Bumble surprised with a 19% plunge owing to falling short of paid user additions.
#Tesla dipped after Elon Musk sold $5 billion worth of shares.
#Rivian climbed 22% on the second day.
#Dollar hit a 16-month high a day against #yen and #euro after the strongest U.S inflation was recorded.
#Equities rebounded as people expect higher consumer prices will boost corporate growth.
#Evergrande avoided default again, jumping nearly 7%.
#Bitcoin traded around $65.046.30