During Market hours on Thursday – 14.04.2022
- The Dow (Symbol: DIA) went down 0.43%. The S&P 500 (Symbol: SPY) lost 1.25% and the Nasdaq (Symbol: QQQ) dropped 2.29%.
- Twitter (Symbol: TWTR) — Twitter shares fell 1.7% after surging earlier on news that Elon Musk offered $54.20 a share to buy the social media company and take it private. Earlier this month, the Tesla CEO disclosed a 9.2% stake in Twitter.
- Goldman Sachs (Symbol: GS) — Shares of the bank erased earlier gains and traded 0.1% lower even after its first-quarter results blew past expectations. Goldman’s traders were able to navigate a surge in market volatility sparked by the war in Ukraine. The bank’s fixed income desk produced $4.72 billion in first-quarter revenue, thanks to strong activity in currencies and commodities, the bank said.
- Morgan Stanley (Symbol: MS) — Shares of the New York-based bank rose 0.8% after the firm reported first-quarter earnings and revenue that surpassed Wall Street expectations. The bank saw stronger-than-expected revenue from equity and fixed-income trading amid volatile markets and higher completed M&A transactions.
- Wells Fargo (Symbol: WFC) — Shares fell 4.5% after the bank posted lower-than-expected revenue. A slowdown in its mortgage banking arm amid rising interest rates weighed on results. Wells Fargo beat profit expectations, however, as it released $1.1 billion from its credit reserves.
- Tesla (Symbol: TSLA) — The electric vehicle stock dipped 3.7% after its CEO Elon Musk revealed he wants to purchase Twitter and turn it into a private company.
During Premarket hours today (Monday – 18.04.2022):
- Twitter (Symbol: TWTR) — Twitter shares jumped 4.5% in the premarket after the company’s board of directors adopted a so-called poison pill to prevent Tesla (TLSA) CEO Elon Musk from increasing his stake in the company past 15%. That follows Musk’s $54.20 per share bid for Twitter last week.
- Nektar Therapeutics (Symbol: NKTR) — The drugmaker’s shares cratered 24.4% in the premarket after it halted all trials involving its key cancer drug. The experimental treatment did not produce the desired results in multiple studies.
- Bank of America (Symbol: BAC) — Bank of America reported quarterly profit of 80 cents per share, 5 cents a share above estimates. Revenue also topped Street forecasts on strength in consumer lending. Bank of America shares rose 1.1% in the premarket.
- Bank of New York Mellon (Symbol: BK) — The bank beat estimates by a penny a share, with quarterly earnings of 86 cents per share. Revenue was essentially in line with analysts’ predictions. Its results were helped in part by higher interest rates.
- Didi Global (Symbol: DIDI) — Didi shares posted an 19% premarket loss after the China-based ride-hailing firm reported a 12.7% drop in fourth-quarter revenue compared to a year earlier. Didi also said a shareholding meeting would be held on May 23 to vote on delisting from the New York Stock Exchange.
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