Spotify's Stock Made This Worrisome Move Tuesday, While Tesla Remains in Trouble
Turnaround Tuesday happened after all. The Dow Jones Industrial Average finished up 389 points, the S&P 500, up 33 points and the Nasdaq up 71, almost erasing Monday's losses.
The big story of the day was that Swedish streaming music giant Spotify Technologies SA (SPOT) - Get Free Report went public through an unprecedented direct listing Tuesday afternoon, and opened trading at $165.90 which valued the company at roughly $30.5 billion.
It closed around 148.74, still up from its originally suggested open price.
TheStreet's Tracy Byrnes, Kinsey Grant and Brian Sozzi dissected the offering as well as the President's continual attack on Action Alerts Plus holding Amazon (AMZN) - Get Free Report , plus the affects of interest rates on the market. In addition, Sozzi talked about TheStreet's new Tesla (TSLA) - Get Free Report page and our Ron Orol's breaking story on activist-targeted Rent-A-Center (RCII) - Get Free Report .
