5 things to know before the stock market opens Wednesday

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Futures contracts tied to the Dow Jones Industrial Average and S&P 500 hovered around the flatline, as traders awaited the release of key inflation data.

. Coinbase reported Tuesday afternoon an adjusted profit of $3.45 per share on revenue of $2.23 billion. Analysts polled by Refinitiv expected earnings per share of $2.33 on revenue of $1.78 billion. Shares of Coinbase climbed more than 2% in premarket trading. The company said monthly transactions grew by 44% to 8.8 million on a quarter-over-quarter basis, while trading volume jumped by 38% to $462 billion from the previous quarter.U.S. President Joe Biden discusses the U.S.

, potentially marking one of the biggest cryptocurrency thefts ever. The heist was carried out after hackers exploited a vulnerability in Poly Network, a platform that connects different blockchains so they can work together. The attack was disclosed Tuesday by Poly Network on Twitter. "Law enforcement in any country will regard this as a major economic crime ant you will be pursued," Poly Network said in a tweeted statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks end a wobbly day lower, edging below recent recordsTechnology and energy companies led stocks lower on Wall Street Monday, easing the market back from its recent all-time highs.
Source: latimes - 🏆 11. / 82 Read more »