Check out new news which is that the Social Media Company Facebook is going to release its own Digital currency named as GlobalCoin and guess what? they are going to release it this week and investors love this idea. Now lets talk about shares of Facebook, they were up more than 2% on Friday and now there is another increment of 4.53% today on the news. But for now other cryto-currencies like bitcoin are rising as well, but as we can see that investors are happy with facebook’s entry to this arena we can estimate that adoption of this currency will be greater then you thought because Facebook is more likely to get trusted by investors then bitcoin or any other cryto-currency.
The rest of the technology sector was positive with Netflix, up by 3.21%, which is a quite good gain. Cloud Service Provider Akamai Technologies faced a dropping of 2.59%.
This type of high rates by technology stocks led Nasdaq Composite up by 0.62% today. The S&P 500 and Dow both were up by 0.09% and The Entrepreneur Index was up by 0.37% on this day.
Now here Elon Musk came to save Tesla Shares with a simple tweet saying that “I have deleted my Twitter Account” this statement led the tesla shares to jump up by 4.49% on the index. Still it is unclear that the Elon Musk Twitter account has been actually deleted or not. But the stock is still up 25% in the last two weeks.
There are some declines in the market also which includes BlackRock with a loss of -1.53% and Franklin Resources with a loss of -1.5%. Cintas Corporation which is a business Services Provider faced a dropped down of 1.73% approximately.
The overall stock market was good for today but some of the companies faced some declines and some got some ups and as we know that there are always ups and downs in this business, so keep up with us to get more stock-related news from us.