Airbnb with debut in accident – E24

After several days of new records on Wall Street, Wednesday ended with a sharp decline for all major indices.

Two of the top three indices continued to fall on Thursday, after several of the European and Asian stock exchanges ended in the red.

Airbnb made its Nasdaq debut today, up 112.81 percent on its first day of trading.

According to the New York Times, the company reached a market value of $ 100 billion, when the stock was trading at around $ 146 in the 1920s Norwegian time.

This is more than double what the company was valued on Wednesday, when the price per share was adjusted to $ 68 before listing.

At the close of the day, the price per share was $ 144.71.

Here’s how the Wall Street trading day ended:

• Nasdaq rises 0.54 percent
• The Dow Jones fell 0.24 percent
• S&P 500 down 0.13 percent

In the immediate aftermath of the stock market opening on Thursday, the price of oil plunged $ 50 a barrel for the first time since the pandemic broke out.

A barrel of North Sea oil is trading at closing time at $ 50.35 a barrel and is up 2.73 percent on the day. A barrel of US light oil is trading at $ 46.87.

Applicants for unemployment benefits are on the rise

The number of first-time applicants for unemployment benefits (jobless claims) in the US continues to rise and thus disappointed the market on Thursday.

Last week, 853,000 people applied for unemployment benefits for the first time, according to figures from the US Department of Labor.

This is the first time since the beginning of October that the number has reached 800,000 applicants.

In advance, 730,000 applicants were expected, writes CNBC.

Facebook continues the decline

It was a couple of the big tech giants that participated in the Nasdaq push on Thursday.

Tesla, which fell nearly seven percent on Wednesday, was up 3.74 percent, while Apple ended up 1.20 percent.

Facebook, on the other hand, continued yesterday’s slide, following news that the Federal Trade Commission (FTC) and 48 states are suing the internet giant for violating competition law on Wednesday night.

The company fell 0.29 percent during the trading day.

Google’s owner Alphabet and Microsoft also fell 0.57 and 0.60 percent, respectively, on Thursday.