Market highlights: Bitcoin nearing all-time high, US stocks in the green across sectors, Tilray up 15%

Over the past 24 hours, the crypto market was mixed, with some cryptos in the green and others in the red. Bitcoin (BTC/USD) has gained about 2% since yesterday, inching toward its ATH of $64,888.99. In the top 10, XRP (XRP/USD) and Ethereum (ETH/USD) both registered gains, each of around 1%.

US stocks in the green sector-wide

Yesterday, all major US stock indices were in the green. Both NASDAQ100 and SPX500 were up by 0.7%. 10 of the SPX500’s 11 sectors turned positive. The biggest winner was utility provider Dominion Energy with a gain of 4.5%, followed by Deere & Co (+3.4%) and Boston Scientific (+3.1%).

Ulta Beauty store franchise lost 10.6% after investors reacted adversely to the most recent outlook of the company. Ulta shared plans to invest into faster delivery options, but that did not calm investors, who were hoping for higher makeup sales as the world reopens. Western Union lost 5.3% yesterday.

Tilray gains 15%

Canadian medical cannabis company Tilray announced appointment of a new president, to which investors reacted positively.

Software company Cloudflare shares up 20%

An even bigger winner was network software specialist Cloudflare, whose shares gained 20% this week. To date, they have increased by more than 130%. Recently, Cloudflare announced an upcoming collaboration with Microsoft.

CAD volatile before release of CPI data

Monthly Consumer Price Index data will be released in Canada at 12:30 GMT today, leaving the Canadian dollar vulnerable to volatility.

IAG loses 10% this week

IAG lost 5.8% again, suffering two days of losses in a row. The airline group has lost almost 10% over the first two days of the week. IAG, which owns British Airways, faced investor wrath amid reports that Heathrow Airport would hike up its airline fees. The shares of budget flight operators Ryanair and EasyJet also lost value.

Eastern and European markets mixed

Asian markets and European markets opened mixed this morning. The HKG50 registered small gains and the UK100 opened one point higher. The China50 and JPN225 recorded slight drops. GER40 and FRA40 fared the worst, opening 19 and 18 points lower respectively.  

The post Market highlights: Bitcoin nearing all-time high, US stocks in the green across sectors, Tilray up 15% appeared first on Invezz.

No Comments

Post a Comment

WAIT!