Dow Jones recovers from huge damages to end with profits | MENAFN.COM

Wednesday, 29 June 2022 12:49 GMT

Dow Jones recovers from huge damages to end with profits

(MENAFN) The Dow Jones industrial average, a price-weighted measurement stock market index of 30 prominent firms listed on stock exchanges in the U.S., recovered from huge damages to end with profits.

Even though the blue-chip index has decreased 488 points, however, it did somehow rise up again with a profit of 238 points, or 0.7 percent at 34,049. The Dow dropped over 900 points almost 3 days ago to unfortunately reach its weakest daily damage since 15 months ago.

The S&P 500 rose up 24 points, or 0.57 percent, to close at 4,296. Nasdaq, the tech-heavy index, increased 165 points, or 1.29 percent to finish at 13,004.

Twitter shares has spiked 5.66 percent to finish at USD51.70 per stake, especially following its dealing was temporarily ceased in the S&P 500 within the meeting which took place in the middle of the day among an awaiting buying agreement. Twitter firm has publicized that it has reached to a deal where it will be totally held by Elon Musk, a giant businessperson and Tesla’s CEO, paying USD44 billion, by which Twitter shareholders will take in USD54.20 by hand for every share they have.

10-year U.S. Treasury notes’ harvest decreased from 2.84 percent to 2.824 percent. Chicago Board Options Exchange's CBOE Volatility Index (VIX volatility index) a.k.a, the fear index, fell 4.22 percent to 27.02 percent. Meanwhile, the dollar index added up 0.52 percent to 101.75 percent.


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