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The Nasdaq leads the declines in US stocks, and Twitter shares extend its gains, supported by the appointment of Musk to the board of directors
image 6 April، 2022
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 The major indices of US stocks ended the session yesterday, Tuesday, the fifth of April, with declines at the close, as the Nasdaq Composite Index specialized in the technology sector lost more than 300 points, coinciding with declines in technology shares after statements from Lyle Brainard, Vice President of the US Federal Reserve during the American session.

Brainard stated in a virtual panel discussion on inflation that the Fed is ready to take all necessary actions Measures to control and limit the rise in inflation, including a faster and stronger raising of interest rates and a faster reduction of the balance sheet.

These statements support the rise in the yields on US Treasury bonds to new high levels, and thus American stocks were negatively affected.

In terms of stock movement, Apple’s share declined by about 1.89% at the close, while Microsoft’s shares lost about 1.3%, while the Nevada and Tesla companies were among the biggest losers, with declines of about 5.22% and 4.73%, respectively.

On the other hand, Twitter’s stock tweeted outside the flock and closed the session with a rise of more than 2% at levels of $ 50.98 after Elon Musk was appointed to the board of directors after acquiring a 9.2% stake in the company, so the stock rose by more than 27% Monday after the initial announcement of his appointment .

The Dow Jones Industrial Average closed down by about (280) points at the close at 34.641 levels, a loss estimated at 0.80%, and is now trading in the futures for today’s session, Wednesday, at 35.534 levels, down by about 20 points.

While the S&P 500 index recorded declines at the close at 4.525 levels, down by about (57) points or 1.26%, and it is now trading in futures at 4.517 levels, down by about two points.

While the Nasdaq index recorded losses by (328 points) to close the session at 14,204 points, recording declines of about 2.26%, and it is now trading in the futures, down by about 29 points.

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