Shares of technology companies rose ahead of earnings.
Tesla shares were flat in late trading after the electric-car maker said Chinese factory shutdown hampered profit growth in the latest quarter. Tesla also said it sold 75% of its bitcoin holdings. Bitcoin continued its rebound, topping $23,000.
“Peak pessimism is close to getting priced in and crypto was the punching bag for that trade,” said Edward Moya, senior market analyst at foreign-exchange brokerage Oanda Group, in a note to clients.
Oracle and Microsoft unveiled a deeper interoperability of their clouds, allowing customers to more easily run projects across the two platforms.
Ride-hailing service Lyft has shed about 60 employees, or less than 2% of its workforce, and is pulling the brakes on renting its cars to riders, The Wall Street Journal reported.
Let's just say the last few times the 'Mad Money' host rang the bell, the markets didn't do so well, as Twitter and WallStreetBets users were quick to remind us
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