This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Tech giant Tesla Inc made its S&P 500 debut. This comes at a time when a new, more infectious strain of the coronavirus is shaking markets globally.
The Dow Jones has gained 5.8% this year while the S&P 500 has rallied 14.8% and the Nasdaq Composite comes off with the biggest pump with a 42.2% surge.
Its daily peak users surged significantly with a report showing an unprecedented growth from 10 million users in December 2019 to 100 million users in April 2020.
After months of negotiations, Congress finally approves a $900 billion stimulus package to fight the ongoing COVID-19 crisis. The daily cases in the US peaked above $400,000 last Friday.
Ant Group had anticipated raising up to $35 billion in a dual listing in Hong Kong and Shanghai stock exchanges.
As part of the deal, $56 per share will be paid to Aerojet Rocketdyne. Also, after the pre-closing special dividends have been paid by the company, Lockheed will only pay $51 per share as the purchase price.
As Tesla prepares to make an entry to the S&P 500 index later today, here’s how it will impact the index movements.
Tesla stock closed at $695 on Friday which shows a 5.96% growth.
Despite recording constant gains over the last twelve months, SPCE has dropped over 20% in the last five days.
While Chinese firms eventually become successful trading in US markets after making their public debuts, some firms underperform with even getting kicked out due to one scandal or another.
Bank of America predicts that Alphabet will experience better stock recovery than its FAANG peer Facebook in 2021.
Many market analysts believe that the addition of Tesla to the S&P 500 may signal the beginning of the end of the TSLA bubble.
There are lots of factors that can drive FAANG and other tech shares in 2021. The most interesting of them include developments in gaming, cybersecurity, 5G, edge computing, and data analytics.
By going into the electric trucks market, Canoo adopts the same business strategy as that of Tesla. Through its Nasdaq listing, the EV startup plans to raise $600 million to support its production and launch.
The shares of Alphabet Inc fell after the Attorney Generals are asking the court at least to restrict or stop the search engine giant Google from engaging in anti-competitive practices.