A hit on Tesla in the stock market after repeated price cuts | cars companies

also AT&T It fell after the results were published and was reduced by more than 10 percent. The telecom company managed to attract fewer new subscribers and also got much less money than investors expected. This has led to renewed concerns that AT&T is suffering from excess inventories of expensive cell phones, but also has high network building costs.

bed bath behind It lost more than a third of its market value. According to business newspaper The Wall Street Journal, the struggling home retailer chain will file for bankruptcy within days.

The mood on Wall Street was also negative. Fears that the US central bank will raise interest rates further in the fight against inflation have gripped the markets. In this context, close attention is also being paid to the speeches that some Fed directors will deliver on Thursday. The Dow Jones index closed down 0.3 percent at 33,786.62 points. The broad S & P 500 index fell 0.6 percent to 4,129.79 points, and the Nasdaq Technology index fell 0.8 percent to 12,059.56 points.

Microsoft It fell 0.8 percent. Elon Musk, who in addition to the Tesla CEO who is also the head of Twitter, has accused Microsoft of using Twitter data “illegally” and threatened to sue the tech giant.

ibm broke climbed. The technology group reported more revenue and profits in the most recent quarter than analysts expected. credit card company American Express, which also came up with numbers, lost 1 percent. The company’s quarterly earnings were lower than expected. However, the company maintained its outlook for the full year.

The euro was worth 1.0967 US dollars, compared to 1.0970 US dollars at the closing bell on European stock exchanges. The price of a barrel of US oil is 2.4% lower, at $77.29. Brent oil became 2.8% cheaper at $80.82 a barrel.