dropped under $32,000 on Sunday, only to rebound 20% to above $39,000 on Monday. On Wednesday, bitcoin prices tumbled to just above $30,000, dropping to the lowest level since late January.started the crypto-exchange with a buy ratingStocks benefiting from the economic reopening gained. Share of American Airlines, Carnival and United Airlines all traded at least 1% higher. Norwegian Cruise Line jumped 4.7% after the cruise line operator announced plans to return cruising in the U.S. this summer.
Wall Street came off a negative week for the blue-chip Dow and the S&P 500 as the market's rally to records stalled. The Dow dipped just 0.5% on the week, while the S&P lost just 0.4%. The Nasdaq Composite, meanwhile, gained 0.31% last week, snapping a four-week losing streak.
A very orderly rotation. Big techs with real earnings stabilized within a range. Speculative techs went back to a more normal valuation. Money went back to stable non-techs at a level still 10-15% below 2019-early 2020 highs. And all done w/o seismic market shifts.