U.S. Markets Snapshot Wednesday, December 20th, 2023

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Market takes a breather before the holidays, Crypto Surges.

Like Rudolph's nose, the stock market was glowing bright red on Wednesday, Dec. 20th - only five days before Christmas.  

The Dow fell -1.27%S&P 500 declined -1.47%, and the Nasdaq-100 dropped -1.57%, making it the worst 1-day decline since September 2023.  There was no any clear fundamental trigger for the sell-off, but profit-taking seems the likely culprit.

 

Luckily, Thursday seems to be pointing to a recovery from Wednesday's downturn, as stock futures are rising. The Dow Futures rose +0.4%S&P 500 Futures gained +0.5%, and Nasdaq-100 Futures increased +0.6%

 

Meanwhile, the crypto segment glowed a festive green . Fueled by whispers of potential Bitcoin spot ETFs in January 2024, Bitcoin hit a 10-day high, pushing its year-to-date gain to a staggering +165.98%. Ethereum followed suit, climbing +87.89%.

 

Crypto-related stocks are not left out on this trend: 

1.     Ebang International Holdings, Inc. (EBON), a bitcoin mining machine maker took the top spot on the S&P 500's daily gainers list, gaining +31.5% yesterday and up +320.20% YTD.

2.     Coinbase Global, Inc. (COIN) a crypto exchange rose +0.43% yesterday, and is up +343.57%.

3.     Other players like Bitfarms Ltd. (BITF), Mara Digital Holdings Inc. (MARA), and Riot Platforms Inc. (RIOT) have gained +524.00%, +517.32%, and +371.35% YTD respectively.

 

U.S Markets

Major Indices & Other Assets

Index

Last Close

1-Day Change 

S&P 500  

4,698.34

-1.47%

Dow Jones 

37,082.01

-1.27%

Nasdaq-100 

16,554.16

-1.53%

U.S. 10-Year Treasury Yield*  

3.881%

-0.23%

Brent (Oil) Spot*

$79.78

+2.22%

Wheat CFD*

$613.25

-1.68%

Gold CFD*

$2,036.80

-0.23%

Bitcoin*

$43,735.83

+2.14%

*Bitcoin is a continuously traded asset without a defined closing time. US10YR , Brent, Wheat (futures), Gold (futures) also have different trading hours. The price displayed here represents their values as of 8:00 am (GMT+1) on Thursday, Dec. 21st.

*CFD stands for "Contracts for Difference." 

   

Top Gainers

U.S. stocks that increased the most in price in the last trading day.

Company

Ticker 

Last Close 

Daily Volume 

1-Day Change 

Ebang Intl. Holdings Inc.

EBON 

$12.48

813K

+48.06% 

System1 Inc.

SST

$2.58

2.2M

+24.64%

Steelcase Inc.

SCS

$14.09

4.5M

+10.95% 

   

S&P-500's Top Gainers

Stocks on the S&P 500 Index that increased the most in price in the last trading day.

Company 

Ticker

Last Close 

Daily Volume 

 1-Day Change

CVS Health Corp.

CVS

 $77.24

12.44M

+1.29% 

Alphabet Inc. - Class A Shares

GOOGL

$138.34

48.13M

+1.24% 

Alphabet Inc. -  Class C Shares

GOOG

$139.66

32.99M

+1.13% 

 

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