On Wednesday, stock market activity remained relatively unchanged as traders eagerly awaited the release of fresh U.S. inflation data and earnings reports.
The S&P 500 experienced a slight increase of 0.2%, while the Dow Jones Industrial Average saw a gain of 73 points, also amounting to 0.2%. The Nasdaq Composite performed slightly better with a 0.4% advance.
However, cryptocurrency exchange Coinbase and Marathon Digital both faced declines of over 1.5% as the price of bitcoin decreased. This drop was triggered by an incorrect announcement posted on the U.S. Securities and Exchange Commission’s X account, falsely claiming that bitcoin ETFs had received approval.
Meanwhile, Intuitive Surgical and Lennar emerged as the top performers in the market, showcasing gains of more than 5% and 3% respectively. Intuitive Surgical raised its outlook for procedure growth in the fiscal year 2024 after Tuesday’s market close, while Lennar announced an increase in its annual dividend at the same time.
Source (CNBC)
