Everything You Need To Know
Market Minutes – May 24th
Market Update — US futures are trading higher to start the week.
International Markets — European and Asian markets are mixed as investors are cautious following last weekends plunge in the crypto markets.
Commodities — Gold and silver are trading higher following bitcoin’s plunge this last week. Oil is trading 1.5% amid the news the US may lift sanctions on Iran.
Crypto — Bitcoin is trading 14.78% higher around $37,878. Ethereum is trading 21.40% around $2,386 a coin.
Biggest After Market Movers — Virgin Galatic is trading 20.5% higher following their successful test flight last weekend. Moderna is trading 1.6% higher following the news that Moderna has reached an agreement with South Korea’s Samsung Biologics to produce their Covid-19 vaccine. Coinbase is trading 2.3% higher after Goldman Sachs upgraded them to a “buy”. Beyond Meat is trading 3.7% higher after Jeffries upgraded them to “outperform”.
Chart of the Day — PLTR ready to retake $24-$25 level