S&P 500, Coinbase
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Boeing shares got a small boost on media reports that China had lifted a ban on airlines there taking deliveries of the U.S. aerospace giant’s planes. According to reports, China removed those obstacles as part of Monday’s trade truce with the U.S. Boeing shares rose close to 2% in premarket trading Tuesday.
Key Takeaways Coinbase shares soared 24% on Tuesday following news the cryptocurrency exchange will be added to the S&P 500.The stock forged an inverse head and shoulders pattern on the chart between March and May,
Shares of Coinbase Global ( COIN 25.01%) surged 23.8% higher at 2:30 p.m. ET on Tuesday, May 13. The operator of the leading cryptocurrency exchange in America will join the S&P 500 market index on its next update, scheduled for May 19.
Coinbase shares fell as first-quarter revenue came in shy of Wall Street's expectations, despite the growth in stablecoin revenue.In the quarter ended March 31, Coinbase earned $65.6 million, or 24 cents per share,
The crypto exchange's broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.
U.S. stocks are rising following an encouraging report that showed inflation unexpectedly slowed across the country last month
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Cryptopolitan on MSNCoinbase joins the S&P 500 with goals of dominating Wall StreetCoinbase is getting pulled into the core of traditional finance. On Monday, the company was picked to join the S&P 500, replacing Discover Financial
Barclays, JPMorgan, Compass Point and Oppenheimer all cut their first-quarter forecasts last month, citing weaker crypto trading.
U.S. stocks rose following an encouraging report that showed inflation unexpectedly slowed across the country last month.
Stocks have been roaring back since the S&P 500 fell nearly 20 percent below its record last month on hopes that President Donald Trump will ease his stiff tariffs on trading partners worldwide before they create a recession and send inflation spiking higher.
Most U.S. stocks rose May 13 following an encouraging report that showed inflation unexpectedly slowed across the country last month.
Coinbase stock flew high on the news of its inclusion in the S&P 500 and here's how much upside Wall Street thinks is left for COIN.