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US stocks trade mixed as rising COVID-19 cases weigh on economic recovery prospects

11 days ago   |   By Business Insider

New York Stock Exchange on Nov. 20, 2018. Xinhua/Wang Ying via Getty Images
US stocks traded mixed Friday as rising COVID-19 cases weigh on economic recovery prospects.
The yield on 10-year Treasury fell to 1.522% compared to Thursday's 1.586%.
Oil prices fell as the coronavirus surge in Europe raised concerns about the global economic recovery.
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US stocks traded mixed Friday as rising COVID-19 cases weigh on economic recovery prospects. The S&P 500 slipped after the benchmark index closed at an all-time high...
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The cryptocurrency market has shrunk by $500 billion since bitcoin hit an all-time high, as investors have cashed in on the rally

11 days ago   |   By Business Insider

Bitcoin balloon Andriy Onufriyenko
The crypto market has lost $500 billion since bitcoin hit record highs a week ago.
Bitcoin was heading for its biggest weekly fall in six months on Friday, having slid by 13%.
Concern about US crypto taxes and a lukewarm launch of a new ETF has fed into the selling pressure.
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The cryptocurrency market has lost $500 billion since bitcoin hit an all-time high last week, as investors have cashed in on the recent rally that took it to as much as $69,000. Bitcoin has since fallen 18%...
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US futures trade mixed after stocks hit record highs, while bitcoin continues to slide

11 days ago   |   By Business Insider

A strong earnings season has boosted optimism on Wall Street. JOHANNES EISELE/Getty Images
US futures were trading mixed on Friday, after stocks rose to close at record highs the prior day.
Equities have stayed remarkably strong despite soaring inflation, with economic data lifting investors' spirits.
Yet cryptocurrencies have taken a tumble in recent days, after a breakneck rally.
US stock futures were mixed Friday after the S&P 500 and Nasdaq hit record highs the previous day, as investors became more optimistic about the economic outlook. Elsewhere, however, bitcoin fell for the fifth...
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