Home About the company Daily reviews Wall Street plunged as Elon Musk canceled his Twitter deal

Wall Street plunged as Elon Musk canceled his Twitter deal

12.07.2022

Market Review


Commodities market

Oil prices continue to fall as COVID-19 once again floods China, the biggest crude importer. Brent crude futures were down 1.3%, and WTI crude futures slid 1.4%.

Key tickers:

Brent: 105.57 — strong sell.

WTI: 102.48 — strong sell.

NG: 6.510 — strong buy.

Foreign exchange market

The euro slid to a 20-year low close to parity with the USD amid the energy crisis and recession concerns. The DXY index reached 108.19.

Key tickers:

EUR/USD: 1.0023 — strong sell.

USD/JPY: 137.29 — strong buy.

USD/CAD: 1.3019 — strong buy.

GBP/USD: 1.1874 — strong sell.

Metals

Gold was higher today but the rising U.S. dollar limited the metal’s moves. XAU/USD inched up 0.04% to 1,732.45.

XAU/USD: 1732.41 — strong sell.

XAG/USD: 19.078 — strong sell.

XPT/USD: 864.12 — strong sell.

XPD/USD: 2131.85 — neutral.

Crypto market

Bitcoin price reversed its previous gains today and consolidated near $19,950 today. The most major coins slid accordingly.

Key tickers:

BTC: $19,933.0 — strong sell.

ETH: $1,087.84 — strong sell.

Neo: $8.3300 — strong sell.

Zcash: $54.60 — strong sell.

Stock market

Technology shares led Wall Street to plunge today. The S&P 500 eased 1.15%, and Nasdaq 100 fell 2.19% as Elon Musk announced the cancellation of his Twitter acquisition deal.

Key tickers:

-    indexes

S&P 500: 3,854.43 — strong sell.

Nasdaq 100 (NDX): 11,860.28 — strong sell.

Dow Jones Futures: 30,979.0 — strong sell.

DAX: 12,832.44 — strong sell.

-    Shares    

Apple #APPLE: 144.89 — sell.

Amazon #AMAZON: 111.78 — strong sell.

Tesla #TESLA: 703.03 — strong sell.

Meta Platforms Inc #FACEBOOK: 162.89 — strong sell.

Author: GC
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