Yesterday on Wall Street

Posted 11 May, 2022

Big tech stocks rebounded. Apple rose 1.61% to 154.51, Amazon 0.06% to 2,177.18, Meta Platforms 0.73% to 197.65 and Microsoft 1.86% to 265.5.

Conversely, banking stocks declined. Bank of America dropped 1.68% to 35.76, JPMorgan 2.44% to 118.89 or Wells Fargo 2% to 43.08.

According to Reuters, Tesla (+ 1.64% to 800.04) would have suspended most of its production at its Shanghai factory as the Chinese economic capital entered its sixth week of confinement due to Covid-19. 

Pfizer (+ 1.75% to 49.49) announced the takeover of migraine drug maker Biohaven Pharmaceutical Holding Company (+ 68.39% to 140) for around $11.6 billion in cash.

The action of the laboratory Novavax gained 1.13% to 53.86, despite the announcement of the delivery of only 31 million doses of its vaccine against Covid-19 in the first quarter out of the two billion that it plans to deliver. pass this year.

Cryptocurrency stocks were under pressure. Riot Blockchain lost 1.83% to 7.53, Marathon Digital 2.32% to 11.8, and Hut 8 Mining 1.06% to 2.8.

US electric vehicle maker Lucid Group (-2.45% to 15.95) intends to bring premium sedans to market in Europe later this year to expand its presence beyond the states -United.

Shares in online used car retailer Vroom soared 32.41% to 1.43 after news of Tom Shortt's promotion to group chief executive and posting a loss quarterly net income lower than expected.

Sports equipment maker Peloton Interactive plunged 8.7% to 12.9 after reporting quarterly revenue down 23.6% on weak demand.

Carlyle Group (+ 2.65% to 36.48) has reportedly reached an agreement with White Mountains Insurance Group (- 1.09% to 1,124.74) for the takeover of insurance broker NSM Insurance Group for $1.78 billion in cash.

The  Dow Jones  thus lost 0.26% to 32,160.74 points, the  Nasdaq Composite  rebounded by 0.98% to 11,737.67 points and the  S&P 500  by 0.25% to 4,001.05 points.

Previous story

11 May, 2022 10:19

← United States: "inflation day"!

The suspense is at its peak. The US consumer price index for April will be announced at 2:30 p.m. on Wednesday.

United States: "inflation day"!

Next story

10 May, 2022 15:02

ZEW index above expectations in May →

The German ZEW index remains anchored in negative territory in May but is recovering a little.

ZEW index above expectations in May
Write a comment
Prove you’re not a bot + 11 = 19