TSLA - Bitcoin's $51K Move Puts Crypto Stocks Coinbase Marathon Riot Platforms On Investors' Radars — QuantumScape Tesla Also Trend | Benzinga
The U.S. stock market attempted a rebound following Tuesday's declines, sparked by a higher-than-expected inflation report in January, as investors refocused on corporate earnings.
The Dow Jones Industrial Average ended Wednesday 0.4% higher at 38,424.27, while the S&P 500 gained 0.96% to 5,000.62. The Nasdaq ended the day 1.3% higher at 15,859.15.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Coinbase Global Inc (NASDAQ:COIN) saw an impressive day with its shares closing up 14.24% at $160.38, after reaching an intraday high of $161.13 and a low of $150.4. The cryptocurrency trading platform is set to report its fourth-quarter financial results, with analysts expecting significant figures. The anticipation of these results, coupled with a favorable outlook from analysts, has driven the stock’s performance today. Analysts at Oppenheimer recently upgraded shares of Coinbase, highlighting a favorable outcome in an ongoing lawsuit and the potential impact of Bitcoin ETF approvals.
Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT) ...