Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

US stock market report – DocuSign shares tank another 20%

Friday saw another negative close for US and global benchmarks led by the tech-heavy Nasdaq, which finished 2.2% lower.

The drivers were more commentary from President Biden about a cancellation of all trade relations with Russia and comments around their intention to avoid WW3.

The Dow Jones naturally outperformed, falling 0.7% and the S&P 500 was down 1.3%, with technology stocks finishing the week lower due to a spiking bond yield after a strong inflation print. Consumer confidence is falling in the face of surging fuel prices and food inflation.

Docu Sign tanks, Rivian falls

DocuSign (NASDAQ: DOCU) shares fell by another 20% during the session despite the company reporting a 45% increase in sales. The company guided to lower than expected sales growth with another COVID-19 winner now down 50 per cent in 2022 thus far.

Shares in electric vehicle maker Rivian (NASDAQ: RIVN) also fell around 7% after the company reported another US$2 billion in quarterly losses.

US stock markets post negative week

Across the week, the Nasdaq underperformed, falling 3.5%, with the S&P 500 and Dow Jones slightly better at 2.9% and 2% losses.

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.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.


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

Powered by

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

Skip to content