Market highlights: Bitcoin near ATH, Disney drags DJ30 down, oil reaches new 7-year high

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Oct 19, 2021
  • Disney closes with 3% loss, share price dropped after Barclays lowered the stock’s rating
  • Biotech firm Biogen was one of the biggest losers in the SPX500
  • Saks Fifth Avenue could list its e-commerce business in $6 billion valuation, competitor stock up

Over the past 24 hours, the crypto market was mixed. Bitcoin (BTC/USD) showed several small gains, nearing its all-time high of more than $64,000. Dogecoin (DOGE/USD) and Binance Coin (BNB/USD) registered the highest growth in the top ten by market cap. Both were up by more than 4% today.

Disney drags DJ30 down, NASDAQ in the green

Most US indices were mixed yesterday. Walt Disney was a drag on the DJ30, which was marginally in the red. Disney ended the day with a 3% loss. The share price dropped after Barclays lowered the stock’s rating based on deceleration of Disney+ subscriber growth. NASDAQ100, which is heavy on tech, gained 1%.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

More than ten NASDAQ100 stocks gained more than 3%, including Facebook, Advanced Micro Devices, and cybersecurity firm CrowdStrike.

Biotech firm Biogen was one of the biggest losers in the SPX500, which was marginally in the green yesterday. Their share price dropped by over 4% after they reported their new ALS medication had not passed a phase three clinical trial. Albeit gaining around 10% y/y, the shares have fallen double digits over the past three months.

Saks Fifth Avenue to list e-commerce branch  

Yesterday, reports surfaced that retail chain Saks Fifth Avenue was aiming to list its e-commerce business and undergo a valuation of $6 billion. According to the reports, Saks’ competitors are undervalued, including Macy’s. As a result, Macy stock rose by 17.5% yesterday.

European markets in the green

The UK100 closed the day 0.4% lower yesterday. Today, it opened 5 points higher. Investors grappled with concerns about China’s growth and soaring UK bond yields. Some construction companies and mining stocks were in the red, driving the UK100 down.

The biggest loser was airline group IAG with a drop of almost 4% down for the day. Today, the GER40 was up 17 points and the FRA40 opened 10 points higher.

Oil reaches new 7-year high

Yesterday, oil climbed above $83, then closed in the red after showing a correction. Today, it is rising again.

Apple launches revamped product line

Apple presented its revamped MacBook Pro laptop lineup yesterday, featuring a new set of in-house computer chips that should replace Intel’s higher-end ones, which the latter has been selling for more than ten years. After the launch, Apple’s share price closed 1.2% higher.

Eastern markets higher

Asian markets were up this morning. The China50, the HKG50, and the JPN225 indices were all in the green.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
10/10
67% of retail CFD accounts lose money