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.
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US stocks dropped as the Nasdaq 100 and Palantir tumbled, with traders eyeing Fed policy signals and unresolved global trade negotiations.
Wall Street stocks have been tipped to extend their losses on Tuesday, as markets mull the start of the Federal Reserve meeting and digest another major auto manufacturer withdrawing guidance due to tariff risks and uncertainties. Ford Motor Company (NYSE:F) said overnight that it expected a $1.5 billion impact from tariffs in 2025 and pulled its financial guidance due to the associated uncertainty.
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Nasdaq jumps as Dexcom, Palantir, and ON Semi soar. Jobs report beats forecasts, easing inflation fears and driving US stock market optimism.