Closing Bell: Stocks fall to start week, Twitter tumbles, Kanye’s retail ambitions 7/11/22
Stocks fell to kick off a new trading week, with the Nasdaq losing more than 2%. Tony Dwyer from Canaccord shares his latest thinking on the market, and whether a sustainable bottom has been reached. Jefferies technology sector specialist Jared Weisfeld talks about the big drop for Twitter’s stock following news that Elon Musk is seeking to back out of the deal. Meantime the dollar’s rally rolled on, with the currency nearly reaching parity with the euro. Bruce Richards from Marathon Asset Management discusses the market implications of a stronger dollar. And Sara breaks down the news that Kanye West is looking to potentially expand his retail empire.
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