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Small declines seen on Wall Street while cocoa prices hit record high

Wall Street closed down after a day of mixed trends, with the Nasdaq index falling by 0.4%, the Dow Jones by 0.1%, and the S&P 500 by 0.3%. Shares that garnered interest today include Donald Trump’s social network, Truth Social, which jumped on its first day of trading but closed with a gain of about 15%. Krispy Kreme saw a 40% jump after a distribution agreement with McDonald’s. Viking Therapeutics rose about 16% following good trial results for a weight-loss drug.

On the other hand, stock UPS fell sharply after initially jumping, attributed to the company’s new strategy and forecast announcement. Various stocks experienced jumps and stabilizations in trading throughout the day. In Europe, stock markets closed with price increases. Bitcoin traded at $69,700 per coin as Wall Street indices stabilized with slight increases.

Viking Therapeutics saw a 20% jump after reporting positive trial results for a weight loss drug, while cocoa prices reached an all-time high due to issues in Ivory Coast and Ghana. The world is facing the biggest cocoa production crisis in 60 years, which is likely to impact chocolate prices by 2025. Consumers may see this reflected on their chocolate products in the future.

Overall, the trading day reflected a mix of positive trends and declines across markets worldwide, influenced by company announcements, trial results, global economic factors and global supply chain disruptions caused by pandemic situation as well as geopolitical tensions that might affect various industries such as energy or transportation sector

By Samantha Jones

As a dedicated content writer at newsaca.com, I bring a unique blend of creativity and precision to my work. With a passion for storytelling and a keen eye for detail, I strive to craft engaging and informative articles that captivate our readers. From breaking news to thought-provoking features, I am committed to delivering content that resonates with our audience and keeps them coming back for more. Join me on this exciting journey as we explore the ever-evolving world of news and information together.

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