Thursday’s US earnings and economic data in focus

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Just to get us up to speed, there were several eye-catching events in the US markets on Wednesday:

Coinbase’s highly-anticipated direct listing on the Nasdaq on Wednesday.

Shares of the US crypto exchange jumped from $381 at the start of trading to as high as $429, pushing the company’s market valuation briefly past $100 billion, which is more than Nasdaq’s own market cap. From that peak, the stock then fell by nearly 17% to close at $328.28.

Coinbase’s price action also whipsawed Bitcoin, which dropped as much as 5.45% from a new record high, although the cryptocurrency is… Read More:

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