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  HOME PAGE 07/12/2021 11:54 
18.10.2021 23:57 News >> S&P 500, Nasdaq Bounce Back To Extend Gains To 4Th Day

S&P 500, Nasdaq Bounce Back To Extend Gains To 4Th Day

ProShares to launch much anticipated first Bitcoin linked ETF in US on Tuesday.

US stock exchanges closed mixed on Monday, but the S&P 500 and the Nasdaq climbed back to positive territory to extend their winning streak to the fourth consecutive day.
The tech-heavy Nasdaq increased 124 points, or 0.84%, to close at 15,021 as AMC Entertainment and Coinbase jumped 5.6% and 4.5%, respectively. Apple shares were up 1.2% after the firm released its new products of MacBook Pro, M1 chip, AirPods, and HomePod.
The S&P 500 was up 15 points, or 0.34%, to 4,486. Tesla stock price increased 3.2%.
The Dow Jones, however, was down 36 points, or 0.1%, to 35,258 as the blue-chip index ended its three-day winning streak. Shares of Walt Disney and IBM lost 3% and 1.6%, respectively.
Despite a decline earlier with positive sentiment, the VIX volatility index, known as the fear index, was up again by adding 0.12% to 16.32.
The dollar index was almost unchanged at 93.96, while the yield on 10-year US Treasury notes rose 0.8% to 1.589%.
Oil prices reversed course to show some losses, with international benchmark Brent crude trading at $84.14 with a 0.8% decline, and US benchmark West Texas Intermediate was at $81.53 – a 0.24% decrease.
Precious metals were down, with gold losing 0.17% to $1,764 per ounce and silver trimming 0.36% to $23.2.
After hitting $60,000 on Friday for the first time in six months, since April 18, price of Bitcoin was trading around $61,450 for a 1.6% gain.
US-based ProShares, which provides specialized exchange-traded products, announced earlier that it plans to launch the much-anticipated first Bitcoin-linked exchange-traded fund (ETF) in the New York Stock Exchange, with a ticker BITO, on Tuesday.
"BITO will offer investors an opportunity to gain exposure to bitcoin returns conveniently, through a brokerage account. BITO can be bought and sold like a stock and eliminates the need for an account at a cryptocurrency exchange and for a crypto wallet," the company said in a statement.
ETFs, which are similar to mutual funds, are types of investment funds that can be traded on stock exchanges, and they can hold assets such as stocks, bonds, currencies, and commodities. -



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