Financial stocks and cryptocurrencies are up, with positive developments for specific companies

From Nasdaq
August 8, 2024 03:54:23 PM:

Financial stocks saw gains on Thursday, with NYSE Financial Index up 1.5% and Financial Select Sector SPDR Fund rising 1.6%. The Philadelphia Housing Index also climbed 1.9%, while Real Estate Select Sector SPDR Fund increased by 0.9%.

Bitcoin surged 8.9% to $59,725, while 10-year US Treasury yields rose 2.9 basis points to 3.99%. US initial jobless claims dropped by 17,000 to 233,000, beating expectations of a decrease to 240,000.

Coinbase shares rose 8.5% as Ripple Labs was ordered to pay SEC in a civil suit, potentially impacting Coinbase’s case positively. Siebert Financial saw a 5.5% spike after acquiring Gebbia Entertainment. Houlihan Lokey gained 3.4% following the agreement to purchase Waller Helms.

Hamilton Insurance shares jumped 7.4% after reporting higher Q2 net income and revenue.

Read more at Nasdaq: Sector Update: Financial Stocks Higher Late Afternoon