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Live Daily Market Updates: Elon Musk to Join Twitter Board of Directors

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Analyst Team
Updated: 5 Apr 2022

Latest 15:34
Carnival Corp

Carnival shares are rallying Tuesday after the company reported its busiest booking week in its history

CCL stock rallied around 7% on the news as investors focused on the travel bounce

14:34
US Stocks Open Lower

The NASDAQ starts the session at -0.25%

The S&P 500 fell 0.22%

And the DOW JONES was 0.26% lower at the start of the US session on Tuesday.

13:40
Musk to Join Twitter Board

After Monday’s news that Elon Musk had acquired a stake in Twitter, it was revealed in a filing on Tuesday that the Tesla CEO will join Twitter’s board of directors.

12:33
US Premarket

US equity futures are down premarket: Dow -0.27%, S&P 500 -0.24%, Nasdaq-0.28%

The biggest movers premarket are:

System1 Inc is up 38% premarket after reporting Q4 revenue $238.9M on Monday.

Lilium is trading 12% higher, adding to Monday’s gains following news that it has started flight testing in Spain

NIO is up just over 1% premarket on reports it is in discussions on licensing battery-swapping technology

10:45
London-Listed Upgrades/Downgrades

Upgrades/Downgrades

Vodafone downgraded to Hold from Buy at Berenberg

Darktrace initiated with Underweight rating at JPMorgan

M&G downgraded to Underperform from Outperform at Exane BNP Paribas

Price Target Changes

Prudential price target reduced to 1,665p from 1,719p at Barclays

Phoenix Group’s price target lowered to 780p from 804p at Barclays

M&G price target raised to 226p from 217p at Barclays

Hays price target lowered to 190p from 205p at Barclays

10:08
Top Stories

Sovereign Metals have rallied 35% in the last few days, with the rutile deposit in Malawi is now the largest discovered ever

There have been rumours that Rolls Royce could be bid for in part, but has RR recovered enough that there really could be a bid?

Centamin shares have edged lower despite an upbeat 2021 report

Intercede shares are down 20% despite a contract win after reporting that revenue will be 9% lower

Greatland Gold is trading 1.6% lower after reporting drilling results from the 2021 drill programme at its 100% owned Scallywag licence

Longboat Energy jumped 20% Tuesday morning after reporting a significant discovery in the Equinor operated Kveikje exploration well

09:03
London Listed Movers

Osirium Technologies: +26.87%

Abingdon Health: +24.7%

Longboat Energy: +18.18%

Intercede Group: -20.5%

AdvanceAdvT: -12.76%

PYX Resources: -11.61%

08:07
European Stocks

US indices closed Monday’s session higher, with the Dow up 0.3%, the S&P 500 closing 0.81% higher, and the Nasdaq gaining 1.9%.

However, European stocks are mixed at the start of Tuesday’s session:

FTSE 100: -0.07%
DAX: -0.21%
CAC 40: +0.01%
Stoxx 50: -0.12%
IBEX 35: +0.03%

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