Now Reading
Political Uncertainty Penalizes Wall Street and Tesla Drops Almost 8%

Political Uncertainty Penalizes Wall Street and Tesla Drops Almost 8%

US stock exchanges moved away from historic highs on the day Congress made a fresh attempt to oust Donald Trump from his post as US President.

The US stock markets went into the week losing value. Political and social incidents in recent days have weighed on the sentiment of investors, who have taken advantage of recent historical highs to realise capital gains.

While the S&P 500 fell 0.65% to 3.799.75 points, the Dow Jones industrialist lost 0.31% to 31,002.46 points. At the same time, the Nasdaq slipped 1.25%, to 13,037.23 points, a larger drop which is justified by the larger losses by some of the large technology companies.

After a drop of more than 10% in the start of negotiations, Twitter has partially recovered. Even so, the social network closed with a devaluation of 6.43%. Each company title is now worth $48.17 after investors’ negative reaction to the company’s decision to permanently expel the US president from the platform.

Days after the attack on the Capitol by supporters of Donald Trump, the Democratic Party in the House of Representatives this Monday formalized an accusation against the US president that sets in motion the second attempt to oust the outgoing head of state.

The news is creating uncertainty in the stock markets and conditioning the negotiations. Facebook lost 4.01%, to 256.84 dollars, while Apple retreated 2.32%, to 128.98 dollars each share. Tesla, which recently joined the S&P 500, pressed the benchmark index by falling 7.91% to USD 810.45.

See Also

In the industry, Boeing’s emphasis was negative. The manufacturer saw its bonds fall by 1.51% to USD 206.73 in the wake of an accident involving a Boeing 737-500 aircraft, which had taken off from Jakarta (Indonesia) on Saturday for Pontianak.

Choose your newsletters
Scroll To Top

We have detected that you are using AdBlock Plus or other adblocking software which is causing you to not be able to view 360 Mozambique in its entirety.

Please add www.360mozambique.com to your adblocker’s whitelist or disable it by refreshing afterwards so you can view the site.