The Key Takeaways
- At midday on Thursday, the major U.S. stock indexes were slightly up and little changed. They are looking to extend gains from earlier this week.
- Elon Musk’s positive remarks about the new Boeing CEO Kelly Ortberg boosted Boeing stock.
- Microstrategy lost market share along with bitcoin’s price.
The major U.S. stocks were in green by midday on Thursday as they looked to build upon gains made earlier in the week. The Dow, S&P 500, and Nasdaq were all slightly higher.
Shares of Toyota Motor, a carmaker listed in the United States, soared after Reuters reported that Toyota plans to increase its return on equity target to 20%.
GameStop shares (GME), too, rose following the cryptic post on social media by meme-stock hero “Roaring Kitty,” Keith Gill
Boeing shares rose after Elon Musk, CEO of Tesla and SpaceX (TSLA), said that the rocket and plane maker is on a positive trajectory. “much better track” Kelly Ortberg is the company’s new CEO.
Microstrategy shares (MSTR), which had risen in the session before on the back of plans to raise the number of its authorized shares, have now fallen along with bitcoin. Microstrategy, the biggest corporate owner of cryptocurrency, has also seen its shares fall along with the price. The price of most other digital currencies also fell.
Netflix shares (NFLX), too, fell after reports that the streaming service had experienced some technical problems during its first broadcasts. However, these were not as severe as those which affected last month’s live boxing bout between Jake Paul and Mike Tyson.
Gold prices increased and oil futures declined. The yield of the 10-year Treasury bill increased. The U.S. Dollar gained against the pound, yen and euro but lost to them.
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