Elon Eyes Twitter • Stocks Advance • Week Ahead

April 4, 2022 | Hoya Capital

Elon Eyes Twitter • Stocks Advance • Week Ahead Real Estate Daily Recap Apr 4 Written By U.S. equity markets advanced Monday- led by an Elon Musk-driven surge in Twitter- as investors parsed the latest developments in Ukraine and looked ahead to the start of earnings season. Entering the session on a three-week winning streak, the S&P 500 advanced 0.9% today while the tech-heavy Nasdaq 100 rallied 2.1%, but Mid-Caps and Small-Caps lagged, declining 0.2% and 0.4%, respectively.

Following their best week in over a year, real estate equities were among the laggards today as the Equity REIT Index slipped 0.5% with 15-of-19 property sectors in negative territory. Twitter (TWTR) surged more than 25% after Tesla CEO Elon Musk disclosed a massive 9% stake in the company. Musk has been critical of the company's failure "to adhere to free speech principles," which "fundamentally undermines democracy." The economic calendar slows down in the week ahead.

We'll be watching Purchasing Managers' Index ("PMI") data throughout the week and minutes from the March Federal Open Market Committee meeting released on Wednesday. Income Builder Daily Recap We recently launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research. Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging.

If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets advanced Monday - led by an Elon Musk-driven surge in Twitter - as investors parsed the latest developments in Ukraine and looked ahead to the start of corporate earnings season next week. Entering the session on a three-week winning streak, the S&P 500 advanced 0.9% today while the tech-heavy Nasdaq 100 rallied 2.1%, but Mid-Caps and Small-Caps lagged, declining 0.2% ...