Tesla shares fell late in Friday’s session, after jumping more than two percent on Thursday after its CEO Elon Musk announced the appointment of Linda Iacarino as CEO of Twitter.
Technology stocks in the Standard & Poor’s 500 index fell, with Apple among the biggest losers. The tech index is still up about 22% so far this year.
Adding to investor concerns was that the consumer confidence index fell in May to its lowest level since November as the crisis over the US government debt ceiling raised concerns. about the economic outlook.
Investors fear that sharp increases in US interest rates could push the economy into recession.
During Friday’s session, the Standard & Poor’s 500 index fell 0.16%, to close at 4,124.08 points, while the Nasdaq Composite Index lost 0.35%, to 12,284.74. points. The Dow Jones Industrial Average fell 0.03% to 33,300.62.
On a weekly basis, the Standard & Poor’s 500 index fell 0.29%, the Dow Jones index fell a higher rate of 1.11%, while the Nasdaq was the sole survivor, as ‘it increased by 0.4%.
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