Major Wall Street indices closed in the red on Monday as investors and traders braced for a 75 basis point rate hike from the US federal reserve on wednesday. Market participants are eagerly awaiting the signal that the central bank has finally decided to reduce its attacks.
Here’s a look at five stocks that are catching retailers’ attention.
1. Apple AAPL: Production of iphone Tightening COVID-19 restrictions in China could reportedly see a drop of as much as 30% at one of the world’s largest factories this month. The Zhengzhou factory over the weekend was rocked by frustration over tougher COVID restrictions, forcing many workers to flee the site. Apple shares closed 1.54% lower on Monday.
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2. Meta Platforms Inc. meta: meta owned Instagram We tweeted that we fixed a bug that was causing problems in various parts of the world. “We have now resolved this bug. People in different parts of the world were having trouble accessing their accounts, causing temporary changes in some follower counts. Sorry!” Social Media Meta shares closed 6.09% lower on Monday, the company tweeted.
3. Amazon.com, Inc. AMZN: AparioOne of Amazon India’s largest sellers, according to Reuters. The company’s shares closed down 0.94% on Monday.
Four. Tesla Inc. TSLA: Elon Musk has implicated more than 50 trusted Tesla employees, mostly software engineers on the Autopilot team, in his Twitter hijack, CNBC reported. Shares of the EV maker he closed 0.43% lower on Monday.
Five. ProShares UltraPro QQQ TQQQ: One of the largest leveraged ETFs tracking the Nasdaq-100 Index, the ProShares UltraPro QQQ is built for short-term holdings with the goal of offering 3x daily returns over the Nasdaq 100 Index. The ETF closed 3.46% lower on Monday.
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