The SPDR S&P 500 (NYSE: SPY) closed 0.39% higher on Friday, recapturing the 200-day simple moving average (SMA) after struggling at the level intraday<
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: GOLD) closed 2.85% higher on Friday, in tandem with the price of spot gold, which has surged about 5% since Jan. 6.
The SPDR S&P 500 (NYSE: SPY) opened 0.84% lower Friday after the futures market began to slide just after 6 a.m.
The SPY was likely to retrace because on Thursday, the stock market fund was unable to close the trading session above the 200-day simple moving average (SMA).
Cathie Wood-led ARK Investment Management bought 52,813 shares of cryptocurrency exchange platform Coinbase Global Inc (NASDAQ: COIN) at an estimated valuation of over $2.5 million based on Thursday’s closing price.
The entire investment world was on pins and needles Thursday morning waiting for the release of the December Consumer Price Index reading at 8:30 a.m. EST.
Cathie Wood-led ARK Investment Management bought 27,811 shares of Tesla Inc (NASDAQ: TSLA) on Monday at an estimated valuation of over $3 million based on the day’s closing price.
Federal Reserve Chair Jerome Powell, nicknamed “JPow” by retail traders and investors for his ability to kick the stock market up or down with his decisions, became an adored government figure for his dovish policies between 2018 and 2021.