EDITOR'S NOTE
Markets ended Wednesday on a mixed note. The S&P 500 fell 0.4%, while the tech-heavy Nasdaq Composite declined 0.99%. The Dow Jones Industrial Average climbed nearly 54 points.
The major story today centered on the worlds of old finance and new finance: Goldman Sachs and Coinbase.
Goldman led the Dow, as its share price climbed following strong first-quarter earnings.
The investment bank surpassed analysts' forecasts with per-share earnings of $18.60, compared to the $10.22 estimate from analysts surveyed by Refinitiv. That's an increase of 498% from a year ago.
Meanwhile, cryptocurrency platform Coinbase made its debut on the Nasdaq this afternoon.
The company's share price soared past its reference price of $250, touched a high of $429.54, and then curtailed its gains to $328.28. ![]() Bitcoin enjoyed a similar run-up in value today, touching a fresh intraday all-time high of $64,841 this morning, before coming back down to about $62,000 around 4:30 p.m. ET, according to Coin Metrics.
Billionaire Mike Novogratz is looking past Coinbase's performance on its debut, predicting that bitcoin is in for massive growth into the future.
"The amount of growth that we're going to see in our space is staggering," he said on CNBC's "Squawk Box" today. "We're just getting started." TOP NEWS
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Rabu, 14 April 2021
S&P 500 slides from record | Coinbase’s debut on the Nasdaq | March retail sales expected to surge
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