Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Seeking Alpha 2021-06-04 09:57:21

Dow Jones, Nasdaq debate direction before non-farm payrolls

U.S. stock futures inched between slight gains and losses overnight after the major averages trended down in Thursday's session as the meme trade faltered (more on that below). Other social media sensitive areas of the market, like crypto, also headed lower, with Bitcoin (BTC-USD) slipping 6.6% to $36,510. The culprit? Elon Musk tweeted a meme about a couple breaking up, adding the hashtag #Bitcoin and a broken heart emoji.What happened to the meme trade? Just a day after taking a renewed embrace of retail traders, offering them special screenings and free popcorn, AMC and Co. used the spike in its stock to raise even more capital by selling 11.5M shares. It also came with a stark warning: "The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility, which could cause purchasers of our Class A common

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.