Dow Jones Futures Market Losses Broaden; Cathie Wood Buys Tesla, Sells Bitcoin Stock Coinbase Investors Business Daily
News Source : Investor's Business Daily
News Summary
- Dow Jones futures were little changed Thursday morning, along with S&P 500 futures and Nasdaq futures.The stock market rally suffered further losses to start 2024, with the Nasdaq suffered a 1%+ decline for a second straight day, adding its losing streak to four sessions..
- COIN stock hit a 20-month high of 187.39 on Dec. 28.Bitcoin was trading above $43,000 early Thursday.On Jan. 3, Cathie Wood's Ark Invest bought 105,201 Tesla shares, which would be worth $25.09 million based on TSLA stock's closing price..
- Eli Lilly stock has an official flat-base buy point of 629.97.TSLA stock slumped 4% to 238.45 on Wednesday, falling below its 21-day line but finding support at the 10-week line..
- Tesla stock is still a major component in Cathie Wood's Ark.LLY stock rose 4.3% to 617.70 in above-average volume, moving decisively above key resistance around 600, offering an entry for investors..
- That's equal to $25.29 million based on COIN stock's Wednesday's close.The ARK Autonomous Technology & Robotics ETF (ARKQ) bought 27,324 shares of Rocket Lab USA (RKLB), worth roughly $140,000.Cathie Wood often buys stocks that are selling off, while paring holdings of stocks on the upswing..
- Ark last bought Tesla stock on Dec. 20, which was the first time in eight months.COIN stock is the No..