March 21, 2024 – Thursday was a pretty good day for Wall Street, the Dow Jones closed in on the 40,000 threshold for the first time in its 128 years as markets rallied to new highs closing in at 39,781.5. Also the other two major indexes reached new highs with the S&P 500 increasing 0.3% reaching an all time high of 5,241.53 and the Nasdaq grew 0.2% breaking its record to reach 16,401.85
The Justice department sued Apple in an antitrust case, saying that the company has a monopoly over the phone market that harmed consumers, developers and rival companies. As a result of the suit Apple (AAPL) shares fell more than 4% on thursday. The lawsuit claims that Apple’s anti-competitive practices extend beyond Iphone and Apple watch businesses, citing the company’s advertising, FaceTime and news offerings. Apple expressed their disappointment in a statement saying that the company disagrees with the premises of the lawsuit and that it will defend against it. At the end of the day the stock price was down 4,09%-
Douglas shares dropped after stock market Redux as the stock price fell sharply in early trading after the return of the German fragrance and beauty retailer to the Frankfurt Stock Exchange. The IPO was set at 26 euros a share and the stock opened at 25.50 euros. However, at the end of the day the price was 23.06 euros resulting in an almost 10% drop in price. The Group, who is backed by CVC capital, plans to use 850 million euros of the IPO proceeds to pay off debt.
Shares of rocket company Rocket Lab USA (RKLB) jumped more than 6% early Thursday morning before retreating to a more modest gain of 2.1%. The increase in shares resulted after the company launched overnight its 46th Electron rocket, particularly this was the first-ever Electron mission for the U.S National Reconnaissance Office launched by U.S soil. The stock closed the days with a growth of 1,49%.
Author: Luca Sesena