Uber Share Drops Further On The Red American Trading Day

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Uber Share drops Further on the red American Trading Day. Uber’s share fell further in value on Monday after the opening of the New York Stock Exchange (NYSE).

 

It concerned a drop of more than 10 percent.

Last Friday the company experienced one of the most disappointing IPOs in American history.

Shares of Uber Technologies Inc. were offered on Friday for 45 dollars and were still worth 41.55 dollars at closing.

On Monday around 6:30 PM, each share is still worth 37.26 dollars.

The American stock prices will turn red on Monday anyway due to the growing tensions between the US and China.

China announced new rates to be charged on the US 60 billion dollars in US goods.

Because of the mutual interventions, some fear a new American recession.

The stock indexes Dow Jones, S&P and Nasdaq saw successive drops of 2.48 percent, 2.45 percent and 3.35 percent around 6.30 pm Popular stocks,

 such as those of Facebook, Amazon, Apple, Netflix and Alphabet, all fell in value.

They were 2.8 to 5.3 percent in the min.

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