US stocks climb after Musk’s Twitter investment | Malay Mail

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NEW YORK, April 4 — Billionaire Elon Musk’s purchase of a major stake in Twitter added impetus to early trading on Wall Street today, where stocks mostly rose. News the Tesla founder bought nearly 73.5 million shares worth about US$2.9 billion (RM12.2 billion) and equal to a 9.2 per cent stake...

NEW YORK, April 4 — Billionaire Elon Musk’s purchase of a major stake in Twitter added impetus to early trading on Wall Street today, where stocks mostly rose.

While the stake is relatively small, and the company itself isn’t weighty enough to move the market on its own, the news has undergirded the Dow and Nasdaq’s upward move, analysts said.

 

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