📈 Stocks Open Higher For 2nd Day As Bitcoin Stabilizes And Tech Rebounds
Stocks open higher after several Fed members ease inflation concerns. - Here's what is happening in the markets today, Tuesday, May 25th.
Here's what is happening in the markets today, Tuesday, May 25th.
Stock Index Futures point to a higher open for the 2nd day in a row as Bitcoin stabilizes and tech rebounds.
Elon Musk is moving the cryptocurrency again: He tweeted that he was having discussions with bitcoin minders regarding sustainability. Bitcoin jumped 4% after the tweet. Ethereum’s price has risen around 7% in the last 24 hours, while dogecoin has seen its price rise almost 3% to $0.33.
Tesla (TSLA), a big holder of bitcoin, was higher by about 1% in premarket trading.
Crypto-exchange Coinbase (COIN) is up 1.7%. Coinbase also received a “buy” rating from Goldman Sachs.
Several Fed members had something to say yesterday: Lael Brainard, Raphael Bostic and James Bullard all said Monday that they wouldn't be surprised if prices rise in the coming months, but reiterated that most of those gains should be temporary.
Big Tech shares Facebook (FB), Amazon (AMZN), Apple (AAPL), Microsoft (MSFT), and Netflix (NFLX) were all higher in early trading.
Square (SQ) jumped 5.5% on Monday following reports that the company will offer checking and savings accounts to small business customers. The plan appears to have been found in hidden code in an update to Square's app for Apple's iPhone and iPad, according to Bloomberg, though it's not yet clear when the new products will debut.
Covid cases drop to their lowest level since June, and “re-opening stocks” are on the move:
Airlines, cruise lines, and Boeing (BA) were also higher.
Yesterday, Airbnb (ABNB) announced 100+ new features, including more flexibility for guests to search dates, destinations, and listings.
But many of the biggest upgrades were saved for hosts:
-- Listing a new property was simplified from dozens of steps to 10.
-- Artificial intelligence systems will recommend names, descriptions, and the best photos to use.
AirBnB wants to be ready for what CEO Brian Chesky describes as a “once-in-a-century travel rebound.”
Earnings:
Lordstown Motors (RIDE) tumbled 13.7% in premarket trading after the electric vehicle startup said it needed to raise capital to fund operations and that without additional funding the production this year would be, at best, 50% of prior projections.
The “Charlie bit my finger” YouTube video was sold as an NFT for more than $760,000, and it’s leaving the video platform sometime soon.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday #stockmarket
Stock Index Futures point to a higher open for the 2nd day in a row as Bitcoin stabilizes and tech rebounds.
Elon Musk is moving the cryptocurrency again: He tweeted that he was having discussions with bitcoin minders regarding sustainability. Bitcoin jumped 4% after the tweet. Ethereum’s price has risen around 7% in the last 24 hours, while dogecoin has seen its price rise almost 3% to $0.33.
Tesla (TSLA), a big holder of bitcoin, was higher by about 1% in premarket trading.
Crypto-exchange Coinbase (COIN) is up 1.7%. Coinbase also received a “buy” rating from Goldman Sachs.
Several Fed members had something to say yesterday: Lael Brainard, Raphael Bostic and James Bullard all said Monday that they wouldn't be surprised if prices rise in the coming months, but reiterated that most of those gains should be temporary.
Big Tech shares Facebook (FB), Amazon (AMZN), Apple (AAPL), Microsoft (MSFT), and Netflix (NFLX) were all higher in early trading.
Square (SQ) jumped 5.5% on Monday following reports that the company will offer checking and savings accounts to small business customers. The plan appears to have been found in hidden code in an update to Square's app for Apple's iPhone and iPad, according to Bloomberg, though it's not yet clear when the new products will debut.
Covid cases drop to their lowest level since June, and “re-opening stocks” are on the move:
Airlines, cruise lines, and Boeing (BA) were also higher.
Yesterday, Airbnb (ABNB) announced 100+ new features, including more flexibility for guests to search dates, destinations, and listings.
But many of the biggest upgrades were saved for hosts:
-- Listing a new property was simplified from dozens of steps to 10.
-- Artificial intelligence systems will recommend names, descriptions, and the best photos to use.
AirBnB wants to be ready for what CEO Brian Chesky describes as a “once-in-a-century travel rebound.”
Earnings:
Lordstown Motors (RIDE) tumbled 13.7% in premarket trading after the electric vehicle startup said it needed to raise capital to fund operations and that without additional funding the production this year would be, at best, 50% of prior projections.
The “Charlie bit my finger” YouTube video was sold as an NFT for more than $760,000, and it’s leaving the video platform sometime soon.
This wraps up today's stock market news.
If you enjoyed the "Stock Market Today" video, make sure to subscribe to this podcast.
And for more stock market news, visit https://rockwelltrading.com.
#todaysstockmarket #stockmarkettoday #stockmarket