Wall Street closes higher, lifted by tech stocks: TWTR, TSLA, FB rise

April 04, 2022 02:06 PM PDT | By Team Kalkine Media

Google News:

Wall Street closes higher, lifted by tech stocks: TWTR, TSLA, FB rise — Image source: © Breakers | Megapixl.com

Recent News

Dell Technologies Boosts AI Security via NVIDIA Partnership Today Dow...

Hilton Grand Vacations (NYSE:HGV) Stock Performance Outpaces S&P 500 I...

Sanofi (NASDAQ:SNY) Gains Traction Amidst Nasdaq Composite Market Acti...

Applied Digital Stock (NASDAQ:APLD) Nasdaq Composite

Wall Street’s main indices closed higher on Monday, April 4, riding on the back of technology and growth stocks and an upsurge in Twitter (TWTR) after shares Tesla chief Elon Musk revealed a 9.2% stake in the social media company.

The S&P 500 rose 0.81% to 4582.64. The Dow Jones gained 0.30% to 34921.88. The NASDAQ Composite was up 1.90% to 14532.55, and the small-cap Russell 2000 rose 0.05% to 2092.19.

US stocks rallied on Monday as investors scurried to pick technology stocks after Elon Musk announced a 9.25 stake in the social media firm Twitter Inc (TWTR), making him the company's biggest single shareholder.

Twitter (TWTR) shares surged 29% after the news. Tesla Inc (TSLA) shares also went up by 5.6%.

Traders were in high spirits after last week’s upbeat jobs data. US employers added 431,000 jobs in March, continuing with an upward trend for 11 months on the trot.

On Monday, consumer cyclicals, technology, energy, and basic materials were the top movers on the S&P 500 index. The bottom movers were industrials, real estate, financials, consumer non-cyclicals, healthcare, and utilities. Four out of 10 segments of the index closed in the green.

In the consumer cyclicals sector, Amazon.com, Inc. (AMZN) rose 2.93%, Tesla, Inc. (TSLA) increased by 5.61%, and Alibaba Group Holding Limited (BABA) gained 6.62%.

In the technology sector, Apple Inc. (AAPL) rose 2.37%, Microsoft Corporation (MSFT) advanced 1.79%, and NVIDIA Corporation (NVDA) gained 2.43%.

In energy stocks, Exxon Mobil Corporation (XOM) rose 0.05%, Chevron Corporation (CVX) gained 0.09%, and Shell plc (SHEL) climbed 0.18%.

In the industrials sector, United Parcel Service, Inc. (UPS) declined 0.69%, Union Pacific Corporation (UNP) fell 0.85%, and Raytheon Technologies Corporation (RTX) slid 0.87%.

Financial stocks Berkshire Hathaway Inc. (BRK-A) fell 1.71%, JPMorgan Chase & Co. (JPM) gained 0.44%, and Bank of America Corporation (BAC) decreased by 0.17%.

The cryptocurrency market was down 0.59% to US$2.15 trillion at around 4:30 pm ET on Monday. Bitcoin (BTC) was down 2.97% to US$46,471.95 in the last 24 hours.

Also Read: From UPS to HON: Top S&P 500 industrial stocks to explore in Q2

Also Read: What is Moonbeam (GLMR) crypto? Everything you need to know

Also Read: Hypebeast SPAC deal: When is Naomi Osaka-sponsored firm debuting in US?

Futures & Commodities

Gold futures were up 0.50% to US$ 1,933.30 per ounce. Silver declined 0.04% to US$ 24.645 per ounce, while copper gained 2.05% to US$ 4.7847.

Brent oil futures fell 0.09% to US$ 107.91 per barrel and WTI crude climbed 4.48% to US$ 103.72 a barrel.

Also Read: Why is RAMP (RAMP) crypto grabbing attention?

Bond Market

The 30-year Treasury bond yields gained +1.36% to 2.456, while the 10-year bond yields rose +0.77% to 2.393.

US Dollar Index Futures were up 0.35% to US$ 98.972.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.