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Twitter surged as much as 29 percent after Tesla Chief Executive Elon Musk bought a 9.2 percent stake in the company.
Financial markets began the week with modest moves across assets as investors assess the latest central bank commentary and developments in Ukraine.
Tech shares drove gains in American stocks, powered by Twitter Inc. The social media company surged as much as 29% after Tesla Inc. Chief Executive Elon Musk took a 9.2% stake in the company. Starbucks Corp. declined after founder Howard Schultz suspended a share-buyback plan. Meanwhile, U.S.-listed shares of Chinese stocks like Baidu Inc. and Tencent Holdings Ltd. surged after China removed a key hurdle to allow the U.S. full access to audits.
“As the first quarter starts to grow distant in the rear view mirror, investors will focus on the early tranche of Q1 S&P 500 results this week ahead of the unofficial start of earnings season,” wrote John Stoltzfus, chief investment strategist at Oppenheimer.
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