Tuesday, October 19, 2021
Bitcoin ETF debuts in the US
Wall Street is buoyant on balance sheets
The first US ETF on Bitcoin is launched. The eyes are also curiously on the Netflix numbers. And a number of positive balance sheets give the stock markets a boost.
Positive company balance sheets encouraged investors to enter the US stock market on Tuesday. The US Standard Values Index Dow Jones closed 0.6 percent higher to 35,457 points. The technology-heavy one Nasdaq advanced 0.7 percent to 15,129 points. The broad one S&P 500 gained 0.7 percent to 4519 points.
“Should we get another week of solid results, this could give S&P 500 optimists enough confidence to push the index above its previous record high,” said analyst Lukman Otunuga of online broker FXTM. At the beginning of September the US index had reached 4,545.85 points.
Against this background, attention was drawn to Netflix. At the close of the US stock market, the online video store presents its quarterly figures, which are considered to be trend-setting for the entire technology industry. The analysts of the asset manager Guggenheim expect strong customer growth, especially in emerging markets, thanks to the success of “Squid Game”. According to experts, thanks to this South Korean series, Netflix could exceed forecasts for user numbers in both the past and the current quarter. At the end of the day, Netflix shares were up 0.2 percent.
The individual values included Johnson & Johnson with a price increase of 2.3 percent to the favorites. The pharmaceutical and consumer goods company raised its profit targets for the full year and is sticking to the sales forecast for its coronavirus vaccine.
First Bitcoin ETF debuted in the US
Stockbrokers also closely followed the debut of the first publicly traded US fund (ETF) on Bitcoin. Of the ProShares Bitcoin Strategy ETF started trading at $ 40.88. Other providers are already in the starting blocks with their products, said Neil Wilson, chief analyst of the online broker Markets.com. “This opens the door to trillions of dollars of potential investment in the sector.”
With this in mind, the course of Bitcoin 4.6 percent to $ 64,199. But that was still below its record high of just under $ 65,000 in April. After the price losses at the beginning of the week, investors groped their way back to the European stock markets. The Dax closed on Tuesday 0.3 percent higher to 15,515 points. The EuroStoxx50 advanced 0.4 percent to 4166 positions.