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BBJP

DXJ

EWJ

Japan's household spending for June increased by 0.1% month-over-month, falling short of the estimated 0.2% and showing a slight improvement from the prior -0.3%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:52 am

EWU

The U.K. BRC Retail Sales Monitor for July reported a year-over-year increase of 0.3%, matching the estimated growth and improving from the prior month's -0.5%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:52 am

AMD

GOOGL

NVDA

PLTR

TSLA

On Monday, significant declines hit U.S. and Japanese markets due to concerns over a slowing U.S. economy, sparking a global sell-off. The Dow Jones Industrial Average fell 2.6%, while the S&P 500 and Nasdaq Composite also faced substantial losses. Japanese stocks experienced their biggest one-day drop since 1987. Key stocks on investors' radars included Palantir, Alphabet, Nvidia, AMD, and Tesla, with varying impacts on their share prices.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 4:10 am

NVDA

Nobel laureate Paul Krugman ridiculed Bitcoin's store of value narrative, comparing its volatility to NVIDIA Corp. (NASDAQ: NVDA). Krugman highlighted the growing correlation between Bitcoin and technology stocks, questioning Bitcoin's 'digital gold' thesis. Bitcoin was trading at $55,791.75, up 2.55%, while NVIDIA shares ended 6.36% down at $100.45.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 3:48 am

BTCUSD

Economist Peter Schiff criticized Senator Cynthia Lummis' proposed legislation to establish a U.S. Bitcoin reserve, arguing it would lead to inflation. The bill aims to purchase 1 million Bitcoin, funded by the Federal Reserve printing more money. Schiff and other economists argue that Bitcoin's volatility makes it unsuitable as a reserve asset.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 3:35 am

AMD

AMZN

COIN

HOOD

META

PLTR

SQ

TSLA

Ark Invest, led by Cathie Wood, made significant trades in several major companies amid a market downturn on Monday. Key purchases included shares of Tesla, Amazon, Coinbase, Robinhood, Meta Platforms, AMD, and Palantir. The firm also sold shares of Block, SoFi Technologies, UiPath, Ginkgo Bioworks, and Verve Therapeutics.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 3:21 am

AAPL

HOOD

NVDA

Robinhood Markets Inc (NASDAQ:HOOD) has suspended its 24-hour trading service due to issues at its third-party execution venue, Blue Ocean ATS. This comes amid a turbulent period for global markets, with Robinhood shares dropping nearly 12% and major indices like the Dow Jones, S&P 500, and Nasdaq Composite experiencing significant declines. Other firms, including Charles Schwab, also faced technical issues on the same day.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 2:45 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, rebounded after a significant crash. Bitcoin's price rose to $55,987.91, Ethereum to $2,536.80, and Dogecoin to $0.09892. Analysts suggest Bitcoin could reach $67,000 if it maintains a support level of $54,000. Stock markets also experienced a rebound after a severe drop.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 2:41 am

MARUY

SFTBF

SFTBY

Japan's stock market rebounded significantly after a historic plunge, with the Nikkei 225 and Topix gaining nearly 10%. This recovery was supported by strong service sector and employment data. US futures also showed improvement.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 2:03 am

BTCUSD

Former President Donald Trump expressed his support for cryptocurrencies, stating that the U.S. government should not be selling Bitcoin. He emphasized the importance of building cryptocurrency infrastructure to avoid falling behind countries like China. Trump's comments come after the U.S. Department of Justice moved $2 billion in Bitcoins from its cold wallet, raising questions about the government's intentions.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 1:59 am