DAWN - Hot Stocks: Crypto stocks plunge; BA sets 52-week low; ASTR drops; DAWN more than doubles
Wall Street suffered another major decline on Monday, as investors continued to worry about inflation and the prospect that the Federal Reserve would accelerate its program to increase interest rates. The slide sent the Dow lower by nearly 900 points, while the Nasdaq plunged 4.7%. While stocks were hard-hit during the session, they fared better than cryptocurrency. That market was crushed amid a general flight from speculative assets, dragging down related equities like MicroStrategy (MSTR), Coinbase (COIN), Marathon Digital (MARA), Riot Blockchain(RIOT) and Bakkt (BKKT). Meanwhile, Boeing (NYSE:BA) was among the big-name stocks dragged down in Monday's general market decline. Shares of the airplane maker declined 9% to reach a new 52-week low. The list of standout decliners also included Astra Space (ASTR), which lost nearly a quarter of its value on a failed mission over the weekend. Bucking over the overall downtrend on the session, Day One Biopharma (DAWN)
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Hot Stocks: Crypto stocks plunge; BA sets 52-week low; ASTR drops; DAWN more than doubles