Banks led losses in the S&P 500, with JPMorgan Chase & Co. and Citigroup Inc. sinking as investors worried that third-quarter results signaled just a pause in pain from soured loans. Johnson & Johnson slumped after temporarily halting its late-stage study of a coronavirus vaccine while Eli Lilly & Co. plunged as its trial of an antibody treatment for
Banks led losses in the S&P 500 after JPMorgan Chase & Co. said its surprisingly-good reserve release didn’t reflect a better view of the economy and Citigroup Inc. reported a jump in costs. Tech shares outperformed as Amazon.com Inc. and Apple Inc. hold key events. Delta Air Lines Inc. tumbled as a decision to delay $5 billion
Bitcoin is flashing green as Square converts some of its cash to crypto while ether options traders are making lots of bets for December expiration.
Bitcoin (BTC) trading around $10,890 as of 20:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours.
BitcoinÃ¢ÂÂs 24-hour range: $10,532-$10,962
BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.
BitcoinÃ¢ÂÂs price popped Thursday, led higher almost immediately following the announcement that payments firm Square had invested $50 million to purchase 4,709 BTC. The development pushed the price per 1 BTC to as high as $10,962 before settling to $10,890 as of press time.ÃÂ
Read More: Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment
Related: The Market Reacts to SquareÃ¢ÂÂs $50M Bitcoin Buy
Ã¢ÂÂNews that Jack DorseyÃ¢ÂÂs Square has purchased about $50 million worth of bitcoin is a definite positive that appears to have
(Bloomberg) — U.S. stocks advanced, led by gains in the biggest technology companies, as investors weighed the chances Democratic lawmakers and the White House will reach a deal for a fiscal-stimulus package. Oil tumbled on concern the market may be oversupplied.
The Nasdaq 100 headed for its biggest gain in a month as Amazon.com, Microsoft and Tesla advanced. The S&P 500 Index’s advance was limited by declines in energy producers. Trading was volatile, with stocks pushed around by the latest developments tied to efforts to forge a stimulus bill acceptable to Democrats and Republicans. Talks were set to continue Thursday as officials sought a breakthrough.
European stocks closed slightly higher. Gold advanced, while Treasuries held steady. Oil tumbled to about $39 a barrel on concern about oversupply amid sluggish economic growth.