“I’ve been in the nonprofit world my entire career, so my 403(b) is less than $500,000.”
BUSINESS
Stocks could see a rally like 2021. This might be the best way to play it.
Analysts at Jefferies see ripe conditions for another stock-market rally, but they also have a warning for investors.
CoinDesk 20 Performance Update: Index Plunges 17.1% Over Weekend
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3112.63, down 17.1% (-641.58) since 4 p.m. ET on Friday.
None of the 20 assets are trading higher.
Leaders: BTC (-6.8%) and SOL (-14.8%).
Laggards: FIL (-33.9%) and AAVE (-29.3%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Is Your SEO Stagnant? Here’s How to Adjust When Your Strategy Isn’t Working
Discover why your SEO strategy is not providing the results you need and how to fix it.
Steel stocks among rare gainers after tariffs, but retaliation could take a bite
Trump’s tariffs on Mexico and Canada are giving a boost to steelmaker stocks, but retaliatory tariffs could reduce the potential benefits.
Tyson Foods’ chicken business powers earnings beat
Tyson called the chicken results “exceptional.”
Crypto Stocks Slide Pre-Market as U.S. Futures Point to More Bitcoin Losses
Havoc in crypto markets spread to stocks of crypto-focused companies, with losses in U.S. futures pointing to declines in equities that are likely to put bitcoin (BTC) on track for further losses because it tends to mirror movements of U.S. stock markets.
S&P 500 futures slid 1.4%, Dow Jones futures fell 1.2% and futures on the tech-heavy Nasdaq 100 lost 1.7%.
Shares of Japan’s Metaplanet (3350), colloquially called Asia’s MicroStrategy for its bitcoin treasury, fell 9.44% on the Tokyo Stock Exchange. Crypto and blockchain venture fund SBI Holdings sank 3.60%.
U.S.-listed Coinbase (COIN) and MicroStrategy (MSTR) traded more than 5.9% lower in pre-market trading, while mining stocks MARA Holdings (MARA) and Riot Platforms (RIOT) dropped 6%.
The T-Rex 2x Long MSTR Daily Target ETF, which offers 200% of the daily returns of MicroStrategy, was down 9.6%.
Pre-market trading occurs before the regular market session opens to select participants, such as funds or institutional investors. These hours can be more volatile due to less liquidity.
Crypto markets took a hit Monday after President Donald Trump levied tariffs on imports from Canada, Mexico, and China over the weekend, and threatened to impose taxes on the European Union.
Stock markets across Asia and Europe dropped while the U.S. dollar edged higher with crypto majors such as XRP and ether (ETH) losing 25% amid a rush of capital from risk assets.
These are the companies that can withstand extreme tariff strain, says Morgan Stanley’s Mike Wilson
Investors looking for havens from tariff strain should lean toward goods-oriented companies with stronger pricing power, says Morgan Stanley’s Mike Wilson.
Oil, gasoline prices jump after Trump slaps tariffs on Canada crude
Oil futures were up sharply Monday after President Trump over the weekend slapped tariffs on Canada, Mexico and China, sparking worries over U.S. crude imports, though upside was limited by concerns a trade war would dent demand.
U.S. booze stocks tumble as Canada retaliates against Trump tariffs
Constellation Brands led a selloff of U.S. alcohol stocks on Monday as Canada retaliated against Donald Trump’s tariffs.