The SPDR S&P 500 (NYSE: SPY) closed 0.39% higher on Friday, recapturing the 200-day simple moving average (SMA) after struggling at the level intraday<
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: GOLD) closed 2.85% higher on Friday, in tandem with the price of spot gold, which has surged about 5% since Jan. 6.
The SPDR S&P 500 (NYSE: SPY) opened 0.84% lower Friday after the futures market began to slide just after 6 a.m.
The SPY was likely to retrace because on Thursday, the stock market fund was unable to close the trading session above the 200-day simple moving average (SMA).
Cathie Wood-led ARK Investment Management bought 52,813 shares of cryptocurrency exchange platform Coinbase Global Inc (NASDAQ: COIN) at an estimated valuation of over $2.5 million based on Thursday’s closing price.
The entire investment world was on pins and needles Thursday morning waiting for the release of the December Consumer Price Index reading at 8:30 a.m. EST.
Cathie Wood-led ARK Investment Management bought 27,811 shares of Tesla Inc (NASDAQ: TSLA) on Monday at an estimated valuation of over $3 million based on the day’s closing price.