Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

DJ INDUSTRIAL

(DJI)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Wall St. ends mixed; Coinbase surges in debut

04/14/2021 | 06:36pm EDT

A blockbuster start to earnings season gave the Dow a minor lift but the rest of the market struggled due to weak tech stocks... there was also a mega market debut of bitcoin exchange Coinbase in the mix.

The Dow rose 53 points. The S&P stumbled 16 points after touching an intra-day high. The Nasdaq lost 138 points.

J.P. Morgan Chase smashed forecasts with a near 400-percent surge in quarterly profits and America's biggest bank released $5 billion that it has set aside in case loans went bad during the health crisis. But with the stock up nearly 60 percent over the past year, some investors thought that good news was already priced into the stock, which fell nearly 2 percent on Wednesday.

It was a bang-up quarter for Goldman Sachs as well. It saw a massive jump in profits as it benefitted from record global dealmaker. Revenue and profits hit a record and the company hinted that there's more to come. Shares of Goldman jumped more than 2 percent.

A big turnaround for the embattled Wells Fargo. It bounced-back to a quarterly profit of almost $5 billion. Shares of Wells Fargo gained 5-1/2 percent.

But The stock of the day was Coinbase. The world's largest cryptocurrency exchange soared in a milestone debut for the crypto industry.

For Ross Gerber of Gerber Kawasaki the importance of this debut can not be overlooked.

"I do I think this is a huge moment in financial history, it's the first time we've seen an exchange and a decentralized monetary system that has really been a threat to the current monetary systems for its entire existence, now becoming legitimized. And I think a new era has begun for what we would like to call a decentralized finance or cryptocurrency. Even the listing of tokens now of actual stocks is happening on the finance exchange. And when you see how these networks work and how sophisticated these companies are, it kind of makes the JP Morgan's of the world look like dinosaurs."

Coinbase ended its first trading day with a 31 percent jump, well off its highs of the day.


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN - EURO -1.77% 41586.69 Real-time Quote.79.37%
BITCOIN - UNITED STATES DOLLAR -1.73% 50185.74 Real-time Quote.76.88%
COINBASE GLOBAL, INC. -4.20% 271.7 Delayed Quote.0.00%
DJ INDUSTRIAL 1.41% 34065.1 Delayed Quote.11.97%
NASDAQ 100 0.93% 13127.971835 Delayed Quote.3.59%
NASDAQ COMP. 0.77% 13137.873421 Delayed Quote.1.11%
S&P 500 1.26% 4115.1 Delayed Quote.10.54%
THE GOLDMAN SACHS GROUP, INC. 1.03% 358.23 Delayed Quote.34.39%
WELLS FARGO & COMPANY 1.81% 46.485 Delayed Quote.51.23%
All news about DJ INDUSTRIAL
12:18pUBS Sees India's Central Bank to Maintain "Easy" Policy Despite Rising Inflat..
MT
12:11pNASDAQ 100  : US Stocks Jump While Yields Decline With Oil
MT
12:06pDOW JONES FXCM DOLLAR INDEX  : Scotiabank on The Structural Housing Shortage in ..
MT
11:53aABN Amro Notes The European Commission Forecasts A Further Deterioration in E..
MT
11:42aJobless Claims Fall to Lowest Level Since First Lockdowns But Pandemic Assist..
MT
11:29aDOW JONES FXCM DOLLAR INDEX  : Bank of Canada Governor's Speech on Thursday
MT
11:27aBank of Canada Says Quantitative Easing Can Widen Wealth Inequality
DJ
11:08aDow Jones Industrial Average : U.S. stocks rebound following rout, bond yield..
RE
11:04aTURKIYE GARANTI BANKASI A.S.  : Coupon Rate of Subordinated Debt Securities to Q..
DJ
11:01aDJ INDUSTRIAL  : Daily Roundup of Key US Economic Data for May 13
MT
More news
News of the index components DJ INDUSTRIAL
12:18pEARNINGS REACTION HISTORY : Disney (Walt) Co, 27.3% Follow-Through Indicator, 2...
MT
12:10pBOEING  : FAA approves Boeing fix for jets grounded by electrical flaw
AQ
12:10pMCDONALD  : USA to Raise Wages at Company-owned Restaurants across the Country&#..
PU
11:14aBOEING  : First T-7A Red Hawk Joined in Record Time, Thanks to Digital Design; F..
AQ
11:14aHONEYWELL INTERNATIONAL  : led Team Creating A Portable Device That Extracts Dri..
AQ
11:14aMEET THE SALES TEAM YOU DIDN'T KNOW : Upsell and Cross-Sell with Field Service ..
PU
11:10aCISCO  : Becoming Future Ready with Marketing Velocity
PU
More news
Chart DJ INDUSTRIAL
Duration : Period :
DJ Industrial Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DJ INDUSTRIAL
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Top / Flop DJ INDUSTRIAL
THE HOME DEPOT, INC. 325.555 Real-time Estimate Quote.2.70%
JPMORGAN CHASE & CO. 161.16 Real-time Estimate Quote.2.36%
APPLE INC. 125.425 Real-time Estimate Quote.2.16%
3M COMPANY 202.87 Real-time Estimate Quote.2.01%
MICROSOFT CORPORATION 243.785 Real-time Estimate Quote.2.00%
CHEVRON CORPORATION 106.715 Real-time Estimate Quote.-0.61%
Heatmap :