Tesla, Inc., the champion of US stock turnover, closed down 0.7% on Monday, with a turnover of US $22.599 billion. In fourth place, Microsoft Corp Company closed 2.44% higher, with a transaction of US $9.887 billion. The fifth place Twitter closed 5.66% higher, with a transaction of $9.062 billion.
In the early morning of the 26th Beijing time, US stocks rebounded and closed higher on Monday, led by Microsoft Corp and other technology stocks. Markets are still assessing the risk of a recession caused by aggressive Fed interest rate hikes and are concerned about the impact of overseas outbreaks and anti-epidemic blockades. Twitter has accepted Musk's takeover offer.
The Dow rose 238.06 points, or 0.70%, to 34049.46; the Nasdaq rose 165.56, or 1.29%, to 13004.85; and the S & P 500 rose 24.34, or 0.57%, to 4296.12.
No important economic data were released on Monday. Investors will usher in a number of important data this week, including the March Core personal consumption Expenditure Price Index (PCE), the Fed's preferred indicator of inflation, to be released on Friday. The Fed has entered a period of silence before its next monetary policy meeting on May 3-4.
Market participants are worried that the Fed's aggressive rate hike will have a negative impact on the US economy. Bank of America Corporation (37.29,-0.27,-0.72%) people in the industry believe that although the Fed's aggressive interest rate hike is conducive to bank earnings growth, it has a growing risk of triggering a recession.
Tesla, Inc., the champion of US stock turnover, closed down 0.7% on Monday, with a turnover of US $22.599 billion.Twitter announced on Monday that its board of directors has accepted an offer from Tesla, Inc. CEO Elon Musk to buy and privatize it. Twitter said Mr Musk would buy the company for $54.20 a share in a deal worth about $44 billion.
The deal has been unanimously approved by Twitter's board of directors and is expected to be completed in 2022, subject to Twitter shareholder approval, applicable regulatory approval and other customary closing conditions. When the deal is completed, Twitter will become a privately held company.
Twitter also announced on Monday that it would freeze product changes until Friday and would not allow product updates unless there were important matters. This is intended to prevent employees from making unauthorized changes.
About to be taken over by Musk.TwitterIt became the fifth-largest trading volume for u.s. stocks today, and the stock closed up 5.66% on Monday with a turnover of $9.062 billion.
In fourth place, Microsoft Corp Company closed 2.44% higher, with a transaction of US $9.887 billion.Microsoft Corp will announce the results for the third quarter of 2022 on April 26th. Zacks Consensus Estimate, an appraisal firm, expects Microsoft Corp's revenue in the third quarter to grow 17.40% year-on-year to $48.96 billion, and earnings per share to grow 11.79% to $2.18. In the past four quarters, Microsoft Corp's earnings have exceeded Zacks Consensus Estimate's estimates.
Netflix Inc, No. 8, continued his recent decline, closing down 2.6% on Monday with a turnover of US $5.871 billion. Netflix Inc shares have fallen for four consecutive trading days since the company reported a thunderstorm, bringing it down more than 65 per cent so far this year.
In 12th place, Exxon Mobil Corp closed down 3.37%, with a turnover of US $3.05 billion. The company is considering a complete withdrawal from Russia by June 24 after it decided to withdraw from its oil and gas business in Russia. Exxon Mobil Corp did not provide a specific withdrawal timetable. The company announced in early March that it would withdraw from its Russian oil and gas business and stop new investments due to the conflict between Russia and Ukraine.
Verizon Communications Inc, 15th, closed down 3.14%, with a turnover of US $2.3 billion. The company lowered its full-year service and other revenue guidance on Friday because of a higher-than-expected loss of users, saying it now expects the figure to be roughly the same as last year.
BABA, 18th, closed down 0.75%, with a turnover of US $2.084 billion.
In 19th place, Johnson & Johnson closed 2.46% higher, with a turnover of US $2.063 billion. Johnson & Johnson was the 30% branch of the Dow that rose the most on Monday. On Monday, the U. S. stock vaccine sector generally rose.
The following are the 20 most actively traded stocks of the day (by turnover):
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