The Dow and broader U.S. stock market tread water on Monday, as traders remained on the sidelines in anticipation of a slew of high-profile events later in the week. Dow Edges Higher; S&P 500 Falls Wall Street’s major indexes hovered right around break-even on Monday, which reflected a tepid pre-market for Dow futures. The Dow Jones Industrial Average edged up 15.24 points, or 0.1%, to 26,734.37. The blue-chip index was up by as much as 87 points. The broad S&P 500 Index of large-cap stocks slipped 0.1% to 2,947.06. Losses were mainly concentrated in energy, health care, and consumer discretionary
The bitcoin price has been remarkably stagnant in recent weeks, with the flagship cryptocurrency’s volatility declining to a 17-month low on Oct. 8. Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class. But while declining
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Bitcoin is mimicking the price action witnessed in early April, which indicates the corrective rally could gather pace in the next few days.