Dow Jones futures: the market rises at the point of success or break; Elon Musk moves to end Twitter deal
Dow futures will open Sunday evening, along with SP 500 and Nasdaq futures, with a focus on Twitter stock as Elon Musk has moved to end his acquisition. The stock market rally showed its strength, with the Nasdaq leading the major indexes higher while more high-quality stocks flashed buy signals. The Nasdaq closed the week around the 10-week moving average and the 50-day line, having struggled several times this year. Major indicators decisively clearing these key levels could be a positive move, although the market rally will still face many challenges, from technical resistance to the start of earnings season. On the contrary, selling from the current levels may be a bearish signal. Elon Musk wants to end the Twitter deal Late Friday, Tesla CEO Elon Musk informed Twitter ( TWTR ) that he wants to close a $44 billion deal worth $54.20 per share. Musk’s lawyers argued that Twitter “did not comply with its contractual obligations.” Twitter’s board said it was confident of the deal and intends to close the deal.
Dow Jones futures: the market rises at the point of success or break; Elon Musk moves to end Twitter deal
Dow futures will open Sunday evening, along with SP 500 and Nasdaq futures, with a focus on Twitter stock as Elon Musk has moved to end his acquisition. The stock market rally showed its strength, with the Nasdaq leading the major indexes higher while more high-quality stocks flashed buy signals. The Nasdaq closed the week around the 10-week moving average and the 50-day line, having struggled several times this year. Major indicators decisively clearing these key levels could be a positive move, although the market rally will still face many challenges, from technical resistance to the start of earnings season. On the contrary, selling from the current levels may be a bearish signal. Elon Musk wants to end the Twitter deal Late Friday, Tesla CEO Elon Musk informed Twitter ( TWTR ) that he wants to close a $44 billion deal worth $54.20 per share. Musk’s lawyers argued that Twitter “did not comply with its contractual obligations.” Twitter’s board said it was confident of the deal and intends to close the deal.