The Dow Jones index fell 0.24% to 36,158.46 points, the Standard & Poor’s 500 index fell 0.58% to 4,568.13 points, and the Nasdaq technology index fell 0.99% to 14,163.65 points at the beginning of the first session of the week.
The New York Stock Exchange opened Monday’s session in negative territory, with particular focus on the Nasdaq, which lost nearly 1%.
Thus, the Dow Jones index fell by 0.24% to 36,158.46 points, the S&P 500 index fell by 0.58% to 4,568.13 points, and the Nasdaq technology index fell by 0.99% to 14,163.65 points.
According to market analyst at Millenium Investment Banking, Ramiro Loureiro, “Wall Street globally started at a low level, with the technology sector being the most punished. However, there is still one sector that is highly focused on – cryptocurrencies.
“This is because Bitcoin achieves a new high and exceeds $41,500, the highest value in more than a year and a half, which boosts listed companies such as Marathon Digital, Riot, Cleanspark, Coinbase or Microstrategy,” the expert explained.
On the positive side, the analyst highlights Spotify’s “continued appreciation after another job cut was revealed. Uber is excited to announce its inclusion in the S&P 500.”
“In a more visible decline, there is Virgin Galactic, whose CFO is ruling out the possibility of new investment in the commercial spaceflight company, as well as Alaska Air, in response to a proposal to take over a competitor,” highlighted Ramiro Loureiro.
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