Market takes a breather before the holidays, Crypto
Surges.
Like
Rudolph's nose, the stock market was glowing bright red on
Wednesday, Dec. 20th - only five days before
Christmas.
The Dow fell -1.27%, S&P
500 declined -1.47%, and the Nasdaq-100 dropped -1.57%, making
it the worst 1-day decline since September 2023. There was no any
clear fundamental trigger for the sell-off, but profit-taking seems the likely
culprit.
Luckily,
Thursday seems to be pointing to a recovery from Wednesday's downturn, as stock
futures are rising. The Dow Futures rose +0.4%, S&P
500 Futures gained +0.5%, and Nasdaq-100
Futures increased +0.6%.
Meanwhile,
the crypto segment glowed a festive green . Fueled by whispers of
potential Bitcoin spot ETFs in January 2024, Bitcoin hit a
10-day high, pushing its year-to-date gain to a staggering +165.98%. Ethereum followed
suit, climbing +87.89%.
Crypto-related
stocks are not left out on this trend:
1. Ebang International Holdings, Inc.
(EBON), a bitcoin mining
machine maker took the top spot on the S&P 500's daily gainers list,
gaining +31.5% yesterday and up +320.20% YTD.
2. Coinbase Global, Inc. (COIN) a crypto exchange rose +0.43% yesterday,
and is up +343.57%.
3. Other players like Bitfarms Ltd.
(BITF), Mara Digital Holdings Inc. (MARA), and Riot Platforms
Inc. (RIOT) have gained +524.00%, +517.32%, and +371.35% YTD
respectively.
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Major Indices & Other Assets
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Index
|
Last
Close
|
1-Day
Change
|
|
S&P
500
|
4,698.34
|
-1.47%
|
|
Dow
Jones
|
37,082.01
|
-1.27%
|
|
Nasdaq-100
|
16,554.16
|
-1.53%
|
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U.S.
10-Year Treasury Yield*
|
3.881%
|
-0.23%
|
|
Brent
(Oil) Spot*
|
$79.78
|
+2.22%
|
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Wheat
CFD*
|
$613.25
|
-1.68%
|
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Gold
CFD*
|
$2,036.80
|
-0.23%
|
|
Bitcoin*
|
$43,735.83
|
+2.14%
|
|
|
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*Bitcoin
is a continuously traded asset without a defined closing
time. US10YR , Brent, Wheat (futures), Gold (futures) also
have different trading hours. The price displayed here represents
their values as of 8:00 am (GMT+1) on Thursday, Dec. 21st.
*CFD
stands for "Contracts for Difference."
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U.S. stocks that increased the most in price in the last
trading day.
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Company
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Ticker
|
Last
Close
|
Daily
Volume
|
1-Day
Change
|
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Ebang
Intl. Holdings Inc.
|
EBON
|
$12.48
|
813K
|
+48.06%
|
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System1
Inc.
|
SST
|
$2.58
|
2.2M
|
+24.64%
|
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Steelcase
Inc.
|
SCS
|
$14.09
|
4.5M
|
+10.95%
|
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Stocks on the S&P 500 Index that increased the most in
price in the last trading day.
|
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Company
|
Ticker
|
Last
Close
|
Daily
Volume
|
1-Day
Change
|
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CVS
Health Corp.
|
CVS
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$77.24
|
12.44M
|
+1.29%
|
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Alphabet
Inc. - Class A Shares
|
GOOGL
|
$138.34
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48.13M
|
+1.24%
|
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Alphabet
Inc. - Class C Shares
|
GOOG
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$139.66
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32.99M
|
+1.13%
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