January 28, 2023

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Banking Chaos on Wall Street | Finansavisen

Wall Street’s major indices closed mixed on Tuesday, after closing on Monday.

  • industrial heavy Dow Jones– The index was the loser today, with a decrease of 1.14 percent, and it now stands at 33,911.22 points.
  • wide Standard & Poor’s 500The index ended the day down 0.2 percent to 3,990.95 points.
  • technology index Nasdaq It was the only gainer today, and the index rose 0.14 percent to 11,095.11 points.

The Empire Manufacturing Index, which reflects the mood among industry leaders in New York, fell to -32.9 in January 2023. This is the lowest reading since May 2020, just after the coronavirus pandemic hit. Index of -9 was expected.

Morgan Stanley And Goldman SachsInc., two of the most well-known banks on Wall Street, released both numbers on Tuesday. Both companies were able to report increased loss provisions. The former’s income decreased by 12 percent, but this was still better than expected. Morgan Stanley ended the day 5.84 percent higher, so the price stands at $97. Meanwhile, Goldman Sachs fell 6.44 percent to $349.92.

movements

encryption broker Coinbase However, it is benefiting from a violent recovery in the cryptocurrency market. Bitcoin, the most popular cryptocurrency, now costs more than $21,300, after as low as $15,500 in late November. Coinbase stock closed up 8.34% on Tuesday, so the price stands at $54.14.

tech giant an Apple It ended the day up 0.88 percent, at $135.94. The Apple M2 processor family is expanded with two new models for heavier users. You’ll find the processors in the latest MacBook Pro and Mac Mini.

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Telecom giant Vodafone It rose nicely by 1.7 percent, and the rate now stands at 11.42 percent. This comes after Bank of America promoted the stock to buy, as they saw a huge rally in the stock.

electric car company Tesla It was beaten in the stock exchange last year. On Tuesday, the stock closed up 7.43 percent to NOK 131.5 per share. On August 7, 2018, founder Elon Musk wrote on Twitter that he was considering writing off Tesla at $420. And not only that. “Funding secured,” he continued, adding in a tweet later that day that the shareholder vote was the only reason the funding could not be secured.

Frederiksen share Golden Ocean Group It also saw a slight rally on Wall Street on Tuesday. The stock closed up 4.42 percent, at $9.46 per share.

On the other hand, the factory price of electric vehicles has fallen nine 3.3 percent at $11.41 per share. We think Nio is very attractive. Bank of America wrote to CNBC on Monday that they note the company’s strong brand positioning, and believe the company will see significant volume growth in 2023.