Wall Street opens mixed, Twitter soars on news of Musk stake – Oregon Public Broadcasting

Major U.S. stock indexes are off to a mixed start on Wall Street Monday while Twitter soared 22% after the company disclosed that Tesla CEO Elon Musk had taken a 9.2% stake in the social media platform. In recent weeks Musk has publicly questioned the company’s commitment to free speech. It was a mixed bag elsewhere in the market as investors tried to anticipate whether Russia could face even stricter economic sanctions now that details are emerging of what appear to be deliberate killings of civilians in Ukraine. The S&P 500 was drifting between small gains and losses. Crude oil prices rose about 4%.

Meanwhile, global shares also saw mixed results on Monday. European stocks mostly dipped after a day of gains in Asia. Paris, Frankfurt, Tokyo and Hong Kong rose. London was little changed. Shanghai was closed for a holiday. Oil prices advanced while U.S. futures slipped.

Ukraine’s President Volodymyr Zelenskyy said the country will include international investigators in a probe…

Read Full Story: https://www.opb.org/article/2022/04/04/wall-street-opens-mixed-twitter-soars-on-news-of-musk-stake/

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