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US stock markets rebound – Twitter CEO steps down

Picture of Drew Meredith, CFP
Drew Meredith, CFP
Picture of Drew Meredith, CFP

Drew Meredith, CFP

Drew Meredith is one of the founders of Wattle Partners. He is an experienced financial and investment adviser with expertise in self-managed superannuation funds, superannuation strategies, investment analysis and portfolio construction. Drew is a Partner at Wattle Partners.
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US stock markets staged a swift rebound on Monday but with a decided quality tilt, with the Nasdaq gaining 1.9% as it recouped some of Friday’s losses.

Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL) led the gains, up 5% and 2%.

Both the Dow Jones and S&P 500 also gained 0.7% and 1.3% after the oil price jumped over 2% on expectations that the Omicron variant may well be less serious than initially thought.

It is only early days but the virus has now shown up in at least 12 countries with governments on high alert.

Twitter CEO steps down

Shares in Twitter (NYSE: TWTR) were initially higher but faded during the session, falling 2.8% after founder and CEO Jack Dorsey announced his departure from the company as he turns his focus to Square (NYSE: SQ) and Afterpay (ASX: APT).

Twitter’s Chief Technology Officer Parag Agrawal will take over the CEO role as the company seeks to pivot to new opportunities.

Moderna jumps 

Shares of COVID-19 vaccine maker Moderna (NASDAQ: MRNA) were over 11% higher on expectations the company would be able to quickly deliver an Omicron booster shot.  

US stock market movers

Here’s how other popular US stocks performed on Monday.

Back home on the ASX, the S&P/ASX 200 (ASX: XJO) is tipped to push higher when the market opens this morning. For all the latest, check out my ASX 200 morning report.

The Golden Rules of Investing

We might be experts in retirement, but with combined financial advice experience of 35+ years, we’ve nearly seen it all. 

In mid-2023, our senior team at Wattle Partners Financial Planning put the finishing touches on a brand-new report “The Golden Rules of Investing“.

In this free report, we outline the key principles that determine all of the portfolio construction and investment decisions of Wattle Partners. Collated over decades, this paper should be seen as a work-in-progress, constantly under review in light of the ever-evolving nature of markets. 

You’ll find the free report on my Author page. Simply click the button below to view the Golden Rules.

Get the golden rules

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At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

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Wattle Partners is a financial advice firm, servicing clients around Australia, specialising in retirement planning (pre and post retirement). 

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