Nvidia and Amazon Continue Their Surge as Bitcoin Drops to $107,000: Market Movers for Monday
Market Overview: Wall Street opened mixed, with the S&P 500 up 0.2% and Nasdaq 100 up 0.6%, while the Dow Jones and Russell 2000 declined, as investors focused on AI-driven stocks amid a cautious market following a hawkish Federal Reserve meeting.
Notable Stock Movements: Nvidia's market cap reached $5.08 trillion after a 3.3% increase, while Amazon surged 4.7% following strong earnings. Kenvue soared 16% due to a takeover announcement, while Kimberly-Clark's shares fell 13%.
Commodity Performance: U.S. natural gas futures rose 3% to over $4.20 per MMBtu, driven by increased heating demand, while crude oil prices increased slightly. Metals showed little movement, with gold steady and silver and copper declining.
Cryptocurrency Trends: Bitcoin dropped 3% to $107,000, with significant outflows from U.S. spot Bitcoin ETFs, while Ethereum and Solana saw larger declines of 6.7% and 10%, respectively.
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