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Bitcoin, Coinbase, Shiba Inu, Alibaba: Notable when the stock market opens today

Equity futures are rocking as investors are reviewing small studies suggesting that variants of Omicron can cause mild illness. Here’s what we’re seeing in trading on Monday:

  • Cryptocurrencies have been stable after the weekend routs have caused Bitcoin prices to fall by more than 20%. Other widely traded cryptocurrencies, such as Solana, Dogecoin and Shiba Inu coins, have lost more than one-fifth of their value at some point. Bitcoin on Monday traded at around $ 48,400, down almost 10% from Friday’s 5 pm level, but up from Saturday’s low of $ 42,000.
  • Cryptographic stocks showed stocks. Bitcoin wallet provider Coinbase ran a 6.1% premarket and Bitcoin miner Marathon Digital fell 12%.
  • Coles shares added a 2.7% premarket. Activist investors are urging department store chains to consider selling their company or separating their e-commerce business.
  • Science Applications International will report earnings before the opening bell.
  • Alibaba’s US trading stocks rose 2%. China’s tech giant said it will reorganize its e-commerce team and appoint a new chief financial officer as it faces intensifying competition, slowing growth and plunging stock prices in China.
  • Crude oil prices have risen, and producer stocks have followed suit. Occidental Petroleum increased by 1.5% and ConocoPhillips increased by 1.1%.
  • Coupa Software, GitLab and HealthEquity will provide quarterly updates after closing.
Today’s chart
  • By focusing on environmental, social and governance standards, Nasdaq has been able to win a new listing of $ 191 billion so far this year, compared to $ 109 billion on the New York Stock Exchange.

Write a letter to James Willhite at james.willhite@wsj.com

Bitcoin, Coinbase, Shiba Inu, Alibaba: Notable when the stock market opens today

Source link Bitcoin, Coinbase, Shiba Inu, Alibaba: Notable when the stock market opens today

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