Twitter’s twist, stocks wrap volatile week, bitcoin’s bounce: LIVE UPDATES
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Bitcoin Foundation Chairman Brock Pierce says his beliefs on the crypto market haven't changed due to its recent price plunge.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| PTON | $15.13 | +1.51 | +11.10% |
Cryptocurrencies, led by bitcoin, were rebounding Friday morning after a rocky week. Bitcoin snapped a seven-session losing streak after hitting a 16-month low of around $25,400 on Thursday. Bitcoin is off more than 25% month-to-date and down more than 38% year-to-date.
Wall Street futures
U.S. equity futures are higher on Friday morning following losses this week caused by inflation reports and recession concerns.
Twitter shares are down 14% in premarket trading after Elon Musk said in a tweet that a deal for the company was "temporarily on hold."
Meanwhile, oil prices were higher, with West Texas Intermediate futures trading at about $107.80 a barrel and Brent crude futures trading at around $109 per barrel.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| TWTR | $45.08 | -1.01 | -2.19% |
Twitter shares fell after Elon Musk said in a tweet that a deal for the company was temporarily on hold.
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk wrote.
Stock traders (REUTERS/Brendan McDermid)
U.S. equity futures are poised for a rebound following losses this week brought on by recent inflation reports and recession concerns. Continue reading
Gas pumps (iStock)
Record high gas prices have created stress for motorists across the nation, and many experts expect prices to remain elevated in the near future as demand for summer travel heats up. Continue reading
Gas prices (AAA)
The average price for a gallon of gasoline in the U.S. rose to a record Friday morning to $4.432, according to the latest numbers from AAA. The price on Thursday was $4.418.
Oil rigs near Bakersfield, California (REUTERS/Lucy Nicholson/File Photo)
Oil traded higher Friday morning, despite heading for the first weekly loss in three weeks. U.S. West Texas Intermediate crude futures climbed to around $106 per barrel. Brent crude futures were around $108 per barrel. Both benchmark contracts were on track to post declines for the week.
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