So what else did the stock market do today? Source: Shutterstock To start, the major indices were split at the end of trading. The Nasdaq Composite also stumbled, losing 0. So what did the stock market do today? Here are the top three stories. Watch the Coinbase IPO. So with its first few hours in the public markets over, where do things stand? As other commentators have highlighted, this makes the second-largest cryptocurrency exchange massive. The Coinbase IPO caused a frenzy in so-called blockchain and crypto mining stocks, and also spurred investor interest in a wide range of altcoins.
However, Wall Street had astronomically high expectations for COIN stocksetting even the most bullish investors up for a bit of disappointment. As Biggest Elvis Short Story Wall Street Journal clarifies, no shares actually were traded at that price.
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That means its closing price on Wednesday was technically below its IPO price. With this in mind, several crypto stocks started to stumble.
Analysts were clear that Coinbase would be volatile once it hit the public markets, and so far, they are not wrong. Keep your eyes on the crypto space tomorrow. For investors, the real question Biggest Elvis Short Story why? That sort of split movement is not particularly common, but today it was a key sign of a short squeeze. DISCB Bighest are more thinly traded, making them more attractive to investors. So what should investors take away from the wild moves in Discovery shares today?
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The first takeaway is that it is important not to miss the role of liquidity in stock movement. The second takeaway is that short squeeze Biggest Elvis Short Story remain front and center in the Stry of the GameStop saga. InvestorPlace contributor Alex Sirois recently highlighted six other equities that look like prime candidates for such price action. You can read more about those short-squeeze stocks here. In fact, Currie issued a new equity report today that was titled just that. Along with a team of other analysts from Goldman, he believes several long-term catalysts are coming that will juice copper prices. So where does his bullishness come from?
To start, Currie believes that decarbonization and renewable energy goals will boost demand for copper. It is a necessary component in clean energy infrastructure, as well as electric vehicle batteries. Because of this, investors bullish in the American Jobs Plan or clean energy stocks in Biggest Elvis Short Story should be paying close attention to copper. Even more broadly, Currie believes that copper prices are about to be lifted by a multi-year supply crunch. Thanks to Covid, copper miners are already Stogy to keep up with growing demand.]
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