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Friday, July 1, 2022

USA. Wall Street – new DJI record, Tesla most expensive in history, Elon Musk’s fortune up

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On Friday, we had a mixed session on Wall Street. The Dow Jones Industrial set an all-time record, but the S & P500 index broke a series of seven consecutive upward sessions. Tesla shares are the most expensive in history, and Elon Musk’s fortune is valued at over a quarter of a trillion dollars.

Dow Jones Industrial (DJI) at the close increased by 0.21 percent. up to 35,677.02 points This is a new record for this index, which saw a series of three consecutive rising weeks. The previous record of the Dow was set on August 16.

The S & P500 ended Friday’s trading with a decline of 0.11 percent. up to 4,544.90 points

In turn, the Nasdaq Comp fell by 0.82 percent. up to 15090.20 points

Since the beginning of October, the DJI and S & P500 have gained about 5% each, and the Nasdaq has grown by about 4% during this time.

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Wall Street – quotes

During Friday’s session, Snap shares lost 26.59 percent. after the company warned that Apple’s data collection policies and global supply chain bottlenecks are negatively impacting ad revenue. Shares of other ad-dependent entities also declined. Alphabet fell by about 3 percent, and Twitter and Facebook fell by about 5 percent.

Earlier this year, Apple began requiring all apps on its iOS 15 system to obtain iPhone users’ consent to be tracked for advertising purposes. Analysts warn that the impact of changes could be long-term. The biggest tech companies will present their quarterly reports next week.

Intel dropped 11 percent. The company’s senior management announced that the company’s profitability would suffer in the next few years due to increased spending on manufacturing technology.

According to Refinitiv data, 84 percent. companies in the third quarter record profits above expectations. According to Refinitiv, profits in the third quarter will increase by 33.7 percent. “In a quarter where we expected a slowdown and there were concerns about what profit margins would look like, companies continued to perform well,” said Victoria Fernandez, chief market strategist at Crossmark Global Investments.

Elon Musk – fortune

The shares of the electric car manufacturer Tesla are the most expensive in history. On Friday, the company’s shares gained 1%, and the day before they rose by 3%. after recording record high profits and revenues in the third quarter.

Tesla’s listing in the last 10 yearsstooq.pl

As a result, Tesla CEO Elon Musk strengthened himself at the top of the list of the richest people in the world. According to the Bloomberg Billionaires Index, his fortune is currently valued at $ 252 billion, while that of Jeff Bezos, second on the list, is $ 193 billion. Musk’s net worth grew by $ 3.86 billion after Friday’s session.

Donald Trump’s social network

Digital World Acquisition, which merges with Trump Media & Technology Group, grew by another 100%. after more than fourfold increase in value in Thursday’s trading. The company, formed by former US President Donald Trump, plans to launch a beta of its social network next month. The nationwide premiere of the Trump website is scheduled for the first months of 2022.

The media reported on Thursday that Donald Trump’s new social networking site, called TRUTH Social and launched on Wednesday in its first guest-only test version, was attacked by hackers after just a few hours.

Main photo source: Shutterstock

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