The stock has dropped Monday morning in the midst of increasing concerns concerning American economic growth. President Donald Trump has refused to exclude a recession this year in an interview on Fox News, but said that he is expecting a “period” of transition from the policy changes he brought.
The industrial average of Dow Jones fell 423 points, 0.9%around 10:35 am in New York, while the S&P 500 fell by 2%, and the NASDAQ composite dropped by 3.2%. Last week was the stock market Worse in two years.
The magnificent 7 actions were all lower Monday in the middle of economic anxiety, with Nvidia (Nvda) Stocks are down approximately 5%. Tesla (Tsla) fell by around 8.8%, erasing its post-electoral rally. Anthony Scaramucci predicted to quartz that Trump “Burn” Elon Musk in six to eight months. Palanter (Pltr) The stock has also decreased.
Actions dropped to Hong Kong on Monday after China said consumer prices have dropped during the period of February-February, a continuous deflationary pressure sign.
Here are some stocks to watch today:
Airbnb (Abnb) Actions have been improved to a purchase from Jefferies, which cited the company’s sustainable growth and its addition of an “experiences” category.
Bally’s (Bale) Actions have jumped by more than 4% after the Casino operator made a recapitalization proposal of around $ 150 million for Star Entertainment, which would give it convertible tickets into at least 50.1% of the actions of the Australian company.
Cognizant (CTSH) Technology won 2.5% on the reports that the activist investor Mantle Ridge had built a billion dollars in the technological service company.
Coinbase (COIN) The stock dropped by more than 10% after the S&P Dow Jones indices left the Crypto exchange operator of the S&P 500 index, Bloomberg reported.
Doordash (Dash) abandoned prerequisite to the 3.8%drop. The actions of the delivery company were included in the S&P 500 indices by S&P Dow Jones.
IBM (IBM) Actions have won around 1%. The United States Supreme Court refused to relaunch a price of $ 1.6 billion against the company to KKR BMC software, Bloomberg reported. The judges did not comment on the decision.
Oracle (Orcl) will publish its quarterly results after closing the market on Monday. The performance of the software giant will be closely monitored to obtain information on its business technological expenses and its Cloud growth. The consensus estimates that the call for the benefit of $ 1.49 per share and a turnover of $ 14.38 billion. The action dropped 4.6% in the morning trade before the report.