S&P 500, Coinbase and cryptocurrency
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Investors jumped on shares of Coinbase Global after the Monday night news that the crypto exchange will join the S&P 500 next week.
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Cryptopolitan on MSNCoinbase joins the S&P 500 with goals of dominating Wall StreetCoinbase is getting pulled into the core of traditional finance. On Monday, the company was picked to join the S&P 500, replacing Discover Financial
Shares of Coinbase Global (NASDAQ: COIN) surged 23.8% higher at 2:30 p.m. ET on Tuesday, May 13. The operator of the leading cryptocurrency exchange in America will join the S&P 500 market index on its next update, scheduled for May 19.
U.S. stock futures point lower after yesterday's market rally, President Donald Trump begins a four-day Middle East tour that is expected to result in several business deals, and UnitedHealth shares sink after the company's CEO steps down.