Block (SQ) lost about 15% on Mar 23 as renowned short seller Hindenburg alleged the company for permitting criminal activity with less strict controls and inflating its transacting user base.
Wall Street delivered a mixed performance last week. Mixed tech earnings and a 25-bp Fed rate hike were the key highlights.
Though Wall Street delivered a subdued performance in Q3, these sector ETFs offered double-digit returns.
Wall Street was upbeat last week. Bitcoin bounced back.
Biotech and cryptocurrency -- two ETF areas outperformed last week.
A drop in Treasury yields, which had led to a sell-off in the tech sector, and declining commodity prices brought back the lure for tech stocks.
The U.S. stock market was off to a strong start in July. A strong jobs report, a better-than-expected Q2 earnings picture and a drop in commodity prices brought back the lure for riskier assets.
The U.S. stock market was off to a strong start in July as strong jobs report and drop in commodity prices brought back the lure for riskier assets.
Investors jumped to buy beaten-down stocks in technology and other growth sectors.
The S&P 500 and the Dow Jones dropped 2.8% and 2.4%, respectively, while the teach-heavy Nasdaq Composite Index bore the brunt, falling 4% ??? the worst drop since September 2020.