US stocks contrast with Musk's takeover of Twitter

US stocks contrast with Musk's takeover of Twitter

US stocks were mixed today, while Chinese stocks recorded their biggest decline since February 2020 amid fears of strict restrictions in China due to Covid 19, and European shares fell to their lowest level in more than a month. Twitter shares rose 5.7% after the announcement of Elon Musk's purchase of the social networking site Twitter, while the Energy Index (.SPNY) fell more than 3% with Brent crude prices falling by about 5%. The Dow Jones Industrial Average rose 0.01% to 33,813.81 points, the Nasdaq Composite Index rose 0.16% to 12859.36 points, while the Standard & Poor's 500 Index declined 0.30% to 4,258.88 points.