Daily Update 23/04/2021: US markets show declines - Kakiforex.com - Financial Market Media No. 1 in the World Daily Update 23/04/2021: US markets show declines Daily Update 23/04/2021: US markets show declines

April 25, 2021

Daily Update 23/04/2021: US markets show declines


Today’s highlights

  • US markets lower
  • Bitcoin falls below $50K
  • UK markets finish higher

Wall Street back in the red

All of the major US stock indices were in the red yesterday, but the NASDAQ100 fell hardest at -1.2%. Chipmakers were a drag on the index, with Nvidia and Advanced Micro Devices both lower. Tesla also fell, closing the day down 3.3%. In the DJ30 only four stocks were in the green, with none of those up by more than 0.5%. The SPX500 was in positive territory midday, but tumbled in the afternoon after President Biden unveiled a tax plan that includes a large increase in tax on investment returns for wealthy investors.

Bitcoin slips below $50,000

For the first time since early March, Bitcoin fell under the $50,000 mark, leading an overall bearish trend in crypto markets. Over the past 24 hours, Bitcoin fell around 8%, with 7 other top 10 cryptos registering double-digit losses at time of writing. Some of the largest declines were registered by XRP, which fell around 20%.

UK markets stay afloat

The UK100 was up 0.6% yesterday with several stocks adding more than 3%. Precious metals miner Polymetal International, property listing website Rightmove and credit agency Experian were amongst that group. Polymetal’s share price is in negative territory year-to-date, but it has gained 14.7% over the past three months.

Other highlights

Oil on the rise: After yesterday finishing slightly higher, oil prices remained in the green this morning, inching towards the $62 mark at time of writing.

Asian markets higher: Major indices in the East were in the green this morning. The China50 index was up more than 1%, joined by the HKG50 and JPN225.

ECB keeps policy unchanged: The European Central Bank yesterday shared its Monetary Policy Report, indicating that it is currently continuing with its significant stimulus measures. This had a positive impact on markets in Europe.

Nikola pops on hydrogen station news: Electric truck maker Nikola yesterday unveiled plans to open its first hydrogen fueling stations in California in Q1, 2023. As a result, the NKLA stock jumped more than 14%. For the most recent and significant price movements in markets, check out the Market Movers page.

Europe opens lower: The UK100 opened 22 points lower, the GER30 was down 44 points and the FRA40 opened 9 points lower.

  • Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
  • Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. 
  • The information above is not investment advice.