Tech stocks ended mostly higher. Tesla closed up more than 7.4%, leading technology stocks for two consecutive days. Among the six major technology stocks of FAANMG, Meta rose more than 4.2%, Amazon rose about 4%, Apple rose more than 2.3%, Microsoft rose nearly 1.3%, Netflix rose 1.9%, and Alphabet, the parent company of Google, rose nearly 1.9%.
The three major indexes closed up collectively, the Dow rose 1.61%, the S&P 500 rose 1.99%, and the Nasdaq rose 2.68%.
A regulatory filing on Wednesday showed that Musk will provide an additional $6.25 billion in equity financing to offset a margin loan of the same size, which was cut to $6.25 billion earlier this month. The documents also show that Musk continued to seek additional funding commitments, including discussions with former Twitter CEO Jack Dorsey and other investors to inject equity into Twitter.
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