Beijing time on May 17th, after the S&P 500 fell for six consecutive weeks, Wall Street assessed the risk of a recession in the United States. US stocks were mixed, with the Nasdaq falling more than 1%. As of the close, the Dow rose 26.76 points, or 0.08%, to close at 32,223.42 points; the S&P 500 fell 15.88 points, or 0.39%, to close at 4,008.01 points; the Nasdaq fell 142.21 points, or 1.2%, to close at 11,662.79 point.
Most of the major technology stocks in the Chinese concept stocks rose, and “Tencent” generally rose. Among them, Zhihu rose more than 15%, Qutoutiao rose more than 11%, Mogujie rose nearly 7%, Tuya Smart, Tencent Music, Douyu, Huya, Pinduoduo and Bilibili followed suit.
Most of the major U.S. tech giants fell:
▲ Major US technology giants
Most of China’s major tech stocks rose:
▲ China’s major technology stocks
China concept stock price
Other Chinese concept stocks that rose include:
▲ Other Chinese concept stocks that have risen
Companies that fell include:
▲ Other Chinese stocks that fell
US/Foreign tech stocks
Other foreign tech stocks that rose included:
▲ Other foreign tech stocks that rose
Companies that fell include:
▲ Other foreign tech stocks fell
▲ Musk: Buying Twitter at a lower price is not impossible
Elon Musk has hinted that he will seek to renegotiate the price of Twitter, saying a lower price is not out of the question. Musk made the remarks at a meeting. Twitter shares tumbled more than 8 percent as investors worried that Musk would walk away from a $44 billion deal to buy Twitter.
▲ Musk said that the proportion of Twitter fake accounts is not less than 20%
Twitter stock has erased all of its gains since Musk disclosed his investment on April 4, especially after the weekend’s sell-off. Musk disclosed on Friday that he was studying the proportion of fake and spam accounts on Twitter, arguing that Twitter did not disclose relevant information truthfully, and the acquisition transaction was “suspended”. Musk estimated Monday that fake accounts account for at least 20 percent of all Twitter accounts. Twitter has said that fake accounts account for less than 5%.
▲ Microsoft CEO Nadella: Give employees a raise
Microsoft Chief Executive Satya Nadella told employees on Monday that the company will give employees a pay rise due to intense competition for talent and rising inflation. The news was confirmed by a Microsoft spokesperson. In an email to CNBC, a Microsoft spokesperson said, “Employees join and stay at Microsoft because of our mission, our culture, because they realize what it means to work, because of colleagues, because of compensation. This time around the world The salary increase reflects our commitment to providing our employees with a competitive experience.”
▲ Microsoft’s R&D expenses, including compensation and stock awards, have risen for five consecutive years
Nadella said the pay increase would be skewed toward early- and mid-career workers, as well as in specific regions. Microsoft increased R&D expenses, which include compensation and stock awards, by 21% in the first quarter. Microsoft’s R&D expenses have increased for five consecutive quarters. Alphabet and Amazon have also taken different forms of raises.
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The post The three major U.S. stock indexes rose and fell, Tesla fell nearly 6%, iQiyi rose more than 14%, and Zhihu rose 15% – yqqlm appeared first on Gamingsym.