23andMe to delist from Nasdaq, deregister with SEC
9:52am: Tariff tweets shake markets—again Wall Street woke up to a rough start Friday morning, with major indexes tumbling as renewed trade tensions and inflation concerns rattled investor confidence. The Dow sank 380 points, or 0.9%, while the S&P 500 slid 1.1%.
Nvidia's strength affirms why it anchors my Nasdaq High-Alpha Black Swan Portfolio, which is now outpacing the Nasdaq-100 since inception, despite my ~15–30% cash position depending on macro factors. NVDA's valuation is rich, but leadership this dominant warrants holding through volatility and trimming at euphoric peaks. Portfolio agility and downside protection are crucial, as geopolitical shifts and capex-related revenue contraction can quickly reshape the growth narrative.
Galaxy Digital, founded by Mike Novogratz, made its Nasdaq debut on Friday, capping off a momentous week for cryptocurrency in public markets, with Coinbase joining the S&P 500 and retail brokerage eToro also going public.
Israel-based trading platform eToro (ETOR) debuted on the Nasdaq on Wednesday, its stock opening on the exchange at over 34% its original IPO price. eToro co-founder and CEO Yoni Assia sits down with Yahoo Finance executive editor Brian Sozzi at the Nasdaq for a conversation about the IPO, investor sentiments amid tariff headwinds, and crypto trading.
US stock futures were in the red ahead of Thursday's opening bell, as falls for maga-cap tech are expected to offset any boost from the deals being announced by Donald Trump on his Mideast tour. S&P 500 and Dow Jones futures were down 0.3%, while those for the Nasdaq were 0.5% lower.
Israel-based stock brokerage platform eToro Group Ltd made a striking debut on the Nasdaq overnight, with its shares surging as much as 42% above the initial public offering (IPO) price after the upsized deal raised almost US$620 million. The Robinhood competitor's strong market entry reflects renewed investor optimism as the IPO market beings to experience a broader rebound, driven by easing US-China trade tensions and the recent Wall Street rally.
The trading platform's stock is on a run in its first day of trading, elevating hopes for other stock-market debuts.
Nasdaq stocks are set to power gains for Wall Street on Wednesday, buoyed by deals struck by the sector on Donald Trump's tech-led trade trip to the Middle East. Futures for the S&P 500 were up 0.1% and for the Dow Jones were flat, while those for the Nasdaq were up 0.3%.
Israel-based stock brokerage platform eToro said it has priced shares at $52 for its IPO, above its expected range of $46 to $50. The retail trading platform filed for an IPO in March, but as tariff uncertainty rattled markets, the company temporarily shelved ITS plans.
These strategies seek to mitigate market risk while participating in gains by combining long equity positions with hedging instruments such as options. Invesco QQQ Hedged Advantage ETF (QQHG) is designed to provide participation in the Nasdaq-100 Index with downside protection. QQHG is a single-ticker solution that mitigates path dependency through the use of laddered options, providing a rolling hedge to maintain protection.
US stocks dropped as the Nasdaq 100 and Palantir tumbled, with traders eyeing Fed policy signals and unresolved global trade negotiations.