The Nasdaq outperformed the broader market on Thursday, with the S&P 500 closed near a flatline and the Dow Jones Industrial Average sunk over 150 points lower, as investors bought the dip in technology names that fell in the previous session.
Here's how the market settled on Thursday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
Elon Musk offloads Tesla shares worth billions:
After hinting that an upcoming sale was imminent on Twitter
Musk's trust sold more than 3.5 million shares worth over $3.88 billion in a series of trades on Tuesday and Wednesday, according to the filing. Those transaction were not marked as 10b5, meaning they were not scheduled sales.
Other Wednesday filings show Musk is selling a separate block of Tesla shares through a sale plan he began back on September 14. Those sales amount to more than 930,000 shares worth over $1.1 billion.
Uber to raise fare prices in London by 10%:
Uber
The company is also increase the price of an airport journey during peak times by 25%.
It is also increasing the price of an airport journey during peak times by 25%.
Uber said passenger demand has increased by almost 20% in the U.K. since the end of the nation's pandemic lockdown period back in July. In order to meet that level of demand, Uber said it needs to hire 20,000 extra drivers across the country before the service can return to normal levels.
"We're making these changes to help provide a better rider experience, by signing up more drivers to meet the growing demand," an Uber spokesperson said, quoted by CNBC. "We know people rely on Uber to book a safe trip around London and this small fare increase will help reduce wait times. As always, riders will get a fare estimate before booking their journey."
Here's how market benchmarks started trading soon after open:
S&P 500 Index: +0.18% or +8.46 points to 4,655.17
Dow Jones Industrial Average: -0.22% or -79.12 points to 36,000.82
Nasdaq Composite Index: +0.68% or +105.55 points to 15,728.25
