NEW YORK (dpa-AFX) – The USstock exchangen recovered slightly on Monday after suffering losses late last week. Positive impetus came from China: The relaxed Covid-19 restrictions in the metropolises of Shanghai and Beijing fueled hopes that the global economy would recover soon. Nevertheless, the latest concerns about inflation and interest rate hikes remained, so that the initially significant premiums in the course of trading melted noticeably.
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The leading index Dow Jones Industrial had meanwhile completely lost initial gains of around 1 percent and was last up 0.34 percent at 33,012.91 points. The market-wide S&P 500 went up 0.67 percent to 4136.15 points. The tech-heavy Nasdaq 100 rose 0.73 percent to 12,639.81 points.
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Meanwhile, the takeover of Twitter remains in limbo. Elon Musk has now accused the group of breaching the conditions for the billion-dollar takeover of the short message service.
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In an open letter from Musk’s lawyers, it was said that Twitter refused to release data requested by the Tesla founder about spam and fake user accounts on the platform. According to the terms of the takeover deal, however, Twitter is obliged to provide data and information that Musk requests in relation to the transaction. Contrary to what is shown by Twitter, this obligation to provide information does not only apply to very limited purposes. According to the information, Musk also reserves the right to call off the takeover project. However, investors have long doubted that the deal will go through. Twitter shares recently fell 1.6 percent.
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