Home » Business » Wall Street in green; the success of Truth Social stands out – 2024-04-04 19:49:53

Wall Street in green; the success of Truth Social stands out – 2024-04-04 19:49:53

A GameStop store in Stoneham, Massachusetts, USA, March 29, 2020 (reissued January 28, 2021). The electronic gaming retailer has seen its share price soar from US$3.25 in April 2020 to close at US$347.51 on January 27. The company has attracted investor interest in online chat groups and generated up to $3 billion in value losses for short sellers. (United States) EFE / EPA / CJ GUNTHER

Wall Street opened this Wednesday in green and the Dow Jones Industrialsits main indicator, rose 0.75%, to stand at 39,578 points.

Fifteen minutes after the trading floor opened, the selective S&P 500 gained 0.56% and stood at 5,232 points, while the technological Nasdaq rose 0.31%, to 16,366 points.

This morning the 14% rise in Trump Media & Technology Groupthe company of the former president of the United States, Donald Trumpwhich today begins its second day trading in Wall Street. Yesterday saw its shares shoot up 54% just half an hour after going public.

Former President Donald Trump celebrates at the Iowa Events Center after winning the first-in-the-nation Iowa caucuses in Des Moines, Iowa, U.S., on January 15, 2024. Trump won the state handily, defeating the former governor of South Carolina, Nikki Haley, and the governor of Florida. Ron DeSantis. The Republican presidential race now shifts to New Hampshire for that state’s Republican primary on January 23. (Elections) EFE/EPA/JIM LO SCALZO

In the early stages of the New York stock market, the 16% drop in the video game retailer was also notable. GameStop -known for being one of the “meme stocks” that skyrocketed during the pandemic-, which today announced worse-than-expected revenue in the fourth quarter of 2023.

Following the publication of its quarterly results, the company announced that it will carry out a staff reduction this year, which also weighed on its shares.

On the other hand, the future of pharmaceuticals Merck rose almost 5% – reaching a new all-time high – after the US Food and Drug Administration approved the use of Winrevaira treatment for patients with pulmonary arterial hypertension.

By sectors, all opened in green, with the greatest increase for public services (1.39%) and the real estate sector (1.28%).

Among the 30 Dow Jones stocks, Merck (4.68%) and Intel (2.08%) led the gains, while the losers at this time included Chevron (-0.19%), and Visa (- 0.16%). EFE (I)

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