On Monday, Cathie Wood-led Ark Invest made significant trades, notably selling shares of Block Inc (NYSE:SQ) and Grayscale Bitcoin Trust (OTC:GBTC) worth over $53.6 million.
The SPDR S&P 500 (NYSE: SPY) was spiking about 0.6% higher Monday despite the President of the Cleveland Fed Loretta Mester issuing a warning that the recent market rally, prompted by heightened hopes of
Wall Street continues to be optimistic in lead-up to Christmas, with all major indices up. Energy & Communications had biggest gains, Real Estate & Utilities fell most.
Bank of America's Winter Spending survey reveals the resilience of younger generations in holiday spending despite tight budgets and adoption of 'Buy Now, Pay Later' services. Millennials and Gen Z least inclined to reduce spending, but deposit balances decreasing.