1. PixelPlaygroundHome
  2. Blockchain Briefs

#US Stock Market Opens with Mixed Gains and Losses: Blockchain Stocks Rise

• Blockchain Briefs • 95 views

On April 18th, it was reported that the US stock market opened with mixed gains and losses, with the Dow down 0.06%, the Nasdaq up 0.62%, and the S&P 500 index up 0.37%. Blockchain

#US Stock Market Opens with Mixed Gains and Losses: Blockchain Stocks Rise

On April 18th, it was reported that the US stock market opened with mixed gains and losses, with the Dow down 0.06%, the Nasdaq up 0.62%, and the S&P 500 index up 0.37%. Blockchain concept stocks generally rose, with Marathon Digital and Riot Blockchain up over 5%, Coinbase and MicroStrategy up over 3%. BELLUS Health rose nearly 100%, and GlaxoSmithKline plans to acquire it for $2 billion. Goldman Sachs fell more than 3%, and Q1 revenue decreased by 5% year-on-year to $12.2 billion.

The US stock market opened with mixed gains and losses. Blockchain concept stocks generally rose

Introduction

The stock market is always fluctuating, and it can be difficult to keep up with all the changes. On April 18th, the US stock market opened with mixed gains and losses. This article will discuss the changes in the stock market on that day, including the rise of blockchain stocks and the decline of Goldman Sachs.

Changes in the US Stock Market

#Dow Jones Industrial Average (Dow)

The Dow opened on April 18th with a decline of 0.06%. This decline may have been caused by a number of factors, including uncertainty in the market due to the ongoing COVID-19 pandemic.

#Nasdaq Composite Index (Nasdaq)

In contrast to the Dow, the Nasdaq opened with a gain of 0.62%. This gain may have been due to the rising popularity of technology stocks, which are often found on the Nasdaq exchange.

#Standard & Poor’s 500 Index (S&P 500)

The S&P 500 index opened with a gain of 0.37%. This index tracks the performance of the top 500 companies in the US, and this gain may have been due to positive news from some of those companies.

Rise of Blockchain Stocks

One of the most interesting trends on April 18th was the rise of blockchain stocks. Blockchain is a type of decentralized ledger technology that is used to record transactions securely and transparently. Some experts believe that blockchain technology could revolutionize many industries, including finance, healthcare, and supply chain management.

#Marathon Digital Holdings Inc.

Marathon Digital Holdings Inc. was one of the top-performing blockchain stocks on April 18th. This company saw a gain of over 5% on that day. Marathon is a digital asset mining company that operates in North America. Mining involves using powerful computers to solve complex mathematical problems and earn cryptocurrency rewards.

#Riot Blockchain Inc.

Riot Blockchain Inc. was another top-performing blockchain stock on April 18th. This company saw a gain of over 5% on that day. Riot is also a digital asset mining company, but it operates primarily in the US.

#Coinbase Global Inc.

Coinbase Global Inc. saw a gain of over 3% on April 18th. Coinbase is a digital currency exchange that allows customers to buy, sell, and trade cryptocurrencies like Bitcoin and Ethereum.

#MicroStrategy Inc.

MicroStrategy Inc. also saw a gain of over 3% on April 18th. MicroStrategy is a software company that is known for its use of Bitcoin as a treasury reserve asset.

GlaxoSmithKline Acquires BELLUS Health

BELLUS Health was one of the biggest gainers on April 18th, with a rise of nearly 100%. GlaxoSmithKline has announced plans to acquire BELLUS Health for $2 billion. BELLUS Health is a biopharmaceutical company that focuses on developing treatments for diseases of the kidneys and lungs.

Decline of Goldman Sachs

Goldman Sachs saw a decline of more than 3% on April 18th. This decline was largely due to the bank’s Q1 revenue decreasing by 5% year-on-year to $12.2 billion. Despite this decline, Goldman Sachs is still one of the largest investment banks in the world.

Conclusion

In conclusion, the US stock market experienced mixed gains and losses on April 18th. Blockchain stocks saw a rise, while Goldman Sachs saw a decline. BELLUS Health was acquired by GlaxoSmithKline, and the ongoing COVID-19 pandemic may continue to affect the market in the future.

FAQs

#1. What is blockchain technology?

Blockchain technology is a type of decentralized ledger technology that is used to record transactions securely and transparently.

#2. What is digital asset mining?

Digital asset mining involves using powerful computers to solve complex mathematical problems and earn cryptocurrency rewards.

#3. What is Goldman Sachs?

Goldman Sachs is one of the largest investment banks in the world.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/16871/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/18/2023 14:00
Next 04/18/2023 14:21

Recommended articles