Stock futures are mixed as investors consider a small study suggesting the Omicron variant may cause milder illness. We observe the following in trading on Monday:
- Cryptocurrencies are stabilizing after a weekend getaway pulled Bitcoin prices down more than 20%. Other widely used cryptocurrencies, including Solana, Dogecoin and Shiba Inu Coin, temporarily lost more than a fifth of their value. Bitcoin traded at around $ 48,600 on Monday, more than 9% below its level at 5 p.m. ET on Friday but above Saturday’s low of $ 42,000.
- Crypto stocks showed strains. Bitcoin wallet provider Coinbase lost 4.6% ahead of the market and bitcoin miner Marathon Digital lost 8%.
- CF Acquisition’s shares rose 20% before the bell. The blank check company, sponsored last week by financial services provider Cantor Fitzgerald, agreed to join forces with the Rumble video platform.
- Kohl’s shares added 3.5% ahead of the IPO. An activist investor urges the department store chain to consider selling the company or spinning off the e-commerce business.
- Adicet Bio’s shares were up 41%. The biotech company has received positive data from a phase 1 study on a possible treatment for non-Hodgkin lymphoma.
- Alibaba shares traded in the US rose 1.3%. The Chinese tech giant announced it is reorganizing its e-commerce teams and appointed a new chief financial officer as it faces increasing competition in China, slowing growth and falling share prices.
- Crude oil prices rose and producers’ inventories were with them. Occidental Petroleum was up 2.5% and ConocoPhillips up 1.1%.
- Coupa Software, GitLab, and HealthEquity will provide quarterly updates upon completion.
Chart of the day
Related Posts
- Focusing on environmental, social and governance criteria has helped Nasdaq hit new listings of $ 191 billion so far this year, compared to $ 109 billion on the NYSE.
Write to James Willhite at [email protected]
Share this news on your Fb, Twitter and WhatsApp
File source
News Nation USA: Current headlines
News Nation USA || USA News || Science || Education || Sports || World
Comments are closed.