The stock market saw an overall plunge on Friday after a discouraging November jobs report coupled with Covid Omicron variant concerns.
Technology stocks were among the most notable losers on Friday as Tesla Inc (NASDAQ: TSLA) fell 6.4%.
The U.S. Securities and Exchange Commission (SEC) has denied yet another Bitcoin (CRYPTO: BTC) spot market exchange-traded fund (ETF) application, after approving multiple Bitcoin futures-based ETF applications.
The rise of non-fungible tokens continues as a popular theme in 2021 with NFTs rising in value and stocks increasing their exposure to NFTs through token launches, marketplaces and partnerships with leading NFT projects.
The SPDR S&P 500 (NYSE: SPY) was in need of a pullback after a massive 11% rally between Oct. 4 and Nov. 22 brought the ETF to a new all-time high of $473.54. The decline began to take place as mostly sideways consolidation on Nov. 23 and Nov. 24, but on Nov.
On CNBC’s "Trading Nation," Jeff Kilburg of Sanctuary Wealth said that the U.S. dollar index (DXY) has been trading around 96 and, as long as it remains under the 97 mark, there is “an opportunity here.”