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Financials
Biggest stock movers today: Gracell Biotechnologies, MBIA and more
U.S. stock futures saw a modest rise on Tuesday, kicking off the holiday-shortened week. The prevailing expectation is for the major averages to continue their winning streak until the year’s end. This sentiment is fueled by growing indications of easing U.S. inflation, reinforcing beliefs that the Federal Reserve will initiate interest rate cuts in the…
Marathon, Coinbase, Riot Lead Weekly Crypto Stock Surge
During the past week, stocks associated with cryptocurrencies demonstrated remarkable strength within the broader financial sector, propelled by a 4.2% gain in bitcoin (BTC-USD). According to Michael Novogratz, the founder and CEO of Galaxy Digital, the surge in cryptocurrency-related stocks can be attributed to a dovish stance from the Federal Reserve. In contrast, traditional financial…