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Home Wall Street

Yesterday on Wall Street

manhattantribune.com by manhattantribune.com
9 April 2024
in Wall Street
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Boeing fell 0.76% to 181.75 after the loss of the engine cowling of a Boeing 737-800 during takeoff Sunday in Denver, triggering the opening of an investigation by the Federal Aviation Administration ( FAA). Furthermore, Bernstein spoke of a situation of purgatory as long as Boeing has not resolved some of its problems, which led the intermediary to reduce its price target on the aircraft manufacturer from 272 to 240 dollars.

The US Department of Commerce announced that it would grant the US division of the Taiwanese group Taiwan Semiconductor Manufacturing (+1.01% to 142.79) a subsidy of $6.6 billion for the production of advanced semiconductors in Phoenix, Arizona, as well as a low-cost loan of up to $5 billion.

You’re here (+4.9% to 172.98) will unveil a “Robotaxi” on August 8, announced its general director, Elon Musk, in a message published on X Friday evening.

Apple (-0.67% to 168.45) announced a device allowing music streaming applications like Spotify (-0.34% to 309.25), present in its App Store, to inform their users of the existence of other means of payment when they operate in the European Economic Area, in order to comply with EU rules.

Paramout Global (+2.61% to 23.94) could buy independent studio Skydance Media in a stock transaction valued at around $5 billion, the Wall Street Journal reported.

Warner Music Group (+5.31% to 35.1) renounces submitting a purchase offer on Believe after having approached the French digital music group at the end of February.

Bristol Myers Squibb (-0.45% to 51.09) announced that results from late-stage studies of its experimental schizophrenia drug showed it helped reduce symptoms of the illness without the common side effect of weight gain linked to other antipsychotics.

US health authority approves lab’s cell therapy Johnson & Johnson (-0.48% to 151.66), as well as that of Bristol Myers Squibb, as an early treatment for patients suffering from multiple myeloma, a form of blood cancer.

Conocophillips lost 0.84% ​​to 132.4, penalized by Gerdes Energy Research which lowered its recommendation from Buy to Neutral.

THE Dow Jones thus lost 0.03% to 39,892.80 points, the Nasdaq Composite took 0.03% to 16,253.96 points and the S&P 500 dropped 0.04% to 5,202.39 points.

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