4 Hours Ago
State of the S&P 500 sectors with the index at record highs
The S&P 500 posted its 17th record close of the year on Tuesday. Here’s how the market looked under the surface:
- Seven of 11 sectors were positive on Tuesday
- Tech was the best performing sector, gaining 2.5%
- Utilities was the worst sector, falling nearly 1%.
- All sectors are within 10% of their 52-week highs.
- All sectors are currently above both their 50-day and 200-day moving averages.
— Jesse Pound, Christopher Hayes
4 Hours Ago
Futures open little changed
Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) on March 06, 2024 in New York City.
Spencer Platt | Getty Images
Futures for the S&P 500, Dow and Nasdaq 100 were all within 0.1% of the flat line when trading reopened at 6 p.m.
— Jesse Pound
5 Hours Ago
Coinbase falls after announcing debt offering
Shares of Coinbase fell more than 2% in extended trading after after the crypto exchange announced a $1 billion convertible note offering.
Coinbase said in the release that it will use the proceeds to pay off its outstanding debt or for general corporate purposes.
Coinbase stock has surged this year with bitcoin reaching record highs. Shares of the company are up more than 40% year to date.
— Jesse Pound
