📈 Stocks / Finance

BlackRock trims Lucid stake amid ongoing struggles

Finbold

BlackRock reduced its stake in Lucid Motors (LCID) by 4.8%, selling over 2 million shares, as reported in its latest 13-F filing. Lucid's stock has dropped 49% YTD, and the company missed 2024 delivery targets by 90%. Despite upcoming SUV releases, investor confidence remains low.

Wall Street Bounces Back After Last Week's Dip

Yahoo Finance

U.S. stocks saw gains on Monday, with the S&P 500 up 0.4% and the Nasdaq rising 0.6%, while the Dow fell slightly. Treasury yields fell to 4.41%. Key movers included CVS Health (+5.4%) and Liberty Energy (+4.9%). Investors remain cautious over the potential inflation impact of Trump’s economic policies.

Shares rise as traders adjust rate-cut bets

Reuters

Global shares rose and the U.S. dollar fell as traders reassessed future rate-cut expectations. The S&P 500 and Nasdaq gained, while 10-year Treasury yields dropped to 4.416%. Oil prices surged 3% amid supply disruptions, and gold rebounded as the dollar's advance stalled.

🪙 Crypto

Nasdaq to List Bitcoin ETF Options Amid Crypto Rally

Yahoo Finance

Nasdaq will list options on BlackRock's Bitcoin ETF (IBIT), enabling investors to bet on Bitcoin's price movements. The iShares Bitcoin Trust ETF holds nearly $30B in assets, and analysts expect the new options to drive trading volume and attract more assets.

🌎 Global Economy

Global Growth Forecast: US to Lead in 2025

Yahoo Finance

Goldman Sachs forecasts 2.7% global growth in 2025, with the US GDP rising 2.5%, exceeding the 1.9% consensus. The euro zone is projected to grow by 0.8%. Risks include potential tariffs reducing US growth by up to 1% in 2026, yet the US remains the fastest-growing large economy.

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