Wall Street rebounds as growth stocks rally; Twitter falls – Reuters.com
- Date: 06-Jun-2022
- Source: Reuters
- Sector:Economy
- Country:Middle East
Wall Street rebounds as growth stocks rally; Twitter falls – Reuters.com
June 6 (Reuters) - Wall Street was set to open higher on Monday after a drop last week, with U.S.-listed shares of Chinese technology companies rallying on optimism around easing regulatory crackdowns and relaxing COVID-19 curbs in the world's second-largest economy.
Shares of Didi Global Inc surged 64.3% in premarket trading after a report that regulators were preparing as early as this week to allow the ride-hailing firm's mobile app back on domestic app stores. read more
Didi - which was hit by a cybersecurity investigation days after its initial public offering in June 2021 - won shareholder approval for a U.S. stock delisting last month. read more
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