The S&P 500 ended Monday’s session near the flat line as traders prepared for the release of key inflation data. The broad-market index ended the day down 0.08% to close at 4,411.55. The Nasdaq Composite closed 0.22% lower to end at 13,767.74. The Dow Jones Industrial Average advanced 0.16%, adding 54.77 points and closing at 34,337.87. Investors were looking ahead to […]
After a major five-week run that took its price nearly 40% higher, bitcoin (BTC) has stalled for the past several days around the $37,000 area. To the extent that enthusiasm around possible approval of a spot bitcoin ETF has run out of some fuel, bulls might be looking to Tuesday’s Consumer Price Index (CPI) as a fresh […]
Bitcoin investors are eagerly waiting for regulators to approve the first U.S. spot bitcoin exchange-traded fund, which could be significant for cryptocurrency investors, experts say. Last week, the price of bitcoin notched an 18-month high, climbing to $37,970, after BlackRock took first steps toward an ether ETF. The price of bitcoin has more than doubled since the start of 2023, but it’s […]
The company expanded its presence in a regional market abroad. High-end electric vehicle (EV) maker Lucid Group (LCID 4.47%) enjoyed a nice share price bump on Monday. The company’s stock closed nearly 5% higher on the day, thanks in no small part to a new deal it signed in an important foreign market. By contrast, the S&P 500 index declined marginally […]
Investors concerned about the market may want to consider stocks that have stood the test of time — otherwise known as dividend monarchs. That’s a top strategy for Roundhill Investments, which launched its S&P Dividend Monarchs ETF this month. “It’s named that for a reason. It focuses on the dividend monarchs. These are companies that have […]
The market is rethinking the price tag as the company’s growth slows to an uncharacteristically tepid pace. Shares of advertising technology (adtech) company The Trade Desk (TTD -16.66%) got crushed on Friday after the company provided financial guidance that fell short of Wall Street’s expectations. As of 10 a.m. ET, The Trade Desk stock was down roughly 18%. The […]
Bitcoin is climbing for a fourth consecutive week, with the digital token’s price lingering just below an 18-month high of $38,000, as more investors bet that US exchange-traded funds that hold the largest cryptocurrency are on the verge of winning regulatory approval. “We are referring to the current Bitcoin rallies internally as, ‘nothing for sale’ […]
Bitcoin bulls are hoping the strong momentum continues toward that six-figure mark. After a disappointing 2022, Bitcoin (BTC -0.53%) is having a remarkable bounce-back year, as its price has skyrocketed 115% in 2023 (as of Nov. 10). Nonetheless, this leading cryptocurrency remains 47% below its all-time high price. But with Bitcoin experiencing strong momentum in recent weeks, investors probably have their […]
The S&P 500 fell Thursday, ending an eight-day winning streak, as a sharp jump in yields rattled investors. The benchmark index declined 0.81%, closing at 4,347.35, while the Nasdaq Composite lost 0.94% and settled at 13,521.45. The Dow Jones Industrial Average dropped 220.33 points, or 0.65%, to close at 33,891.94. Stocks hit session lows after Federal Reserve Chair Jerome Powell indicated […]
U.S. Treasury yields rose on Thursday as investors parsed economic data and comments from Federal Reserve officials for clues about what could be on the horizon for the economy. The 10-year Treasury was up by 13 basis point at 4.636%. The 2-year Treasury yield rose by nearly 9 basis points to trade at 5.033%, topping the closely watched 5% […]
The price of ether jumped Thursday, topping the key $2,000 level for the first time since April, after BlackRock took initial steps toward filing for a spot ether ETF. Ether was last higher by nearly 7.48% at $2,037.61, according to Coin Metrics. Meanwhile, bitcoin added 2.67% to trade at $36,574.83. Earlier, it climbed as high as $37,970, its highest level […]
A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s. Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees were as high as […]
