Global Markets Rally, Biotech Stocks Soar on Strong Day
Today saw a generally positive mood across global markets, with major indices closing higher. The tech-heavy NASDAQ 100 led the charge, climbing 2.28% to reach 23529.273. Not far behind, the SP500 also posted a solid gain, rising 1.56% to 6833.66. Even the Tel Aviv 125 index, TA125, joined the upward trend, increasing by 1.09% to 3428.81, signaling broad market strength.
Biotech Firms Lead the Charge
Among individual stocks, some companies experienced truly remarkable surges. Galecto, Inc. (GLTO) was the standout performer, skyrocketing an incredible 227.30% to close at 16.2014. Following closely was Cogent Biosciences, Inc. (COGT), which also saw a massive jump, gaining 124.49% to reach 33.27. These significant movements suggest strong investor interest in specific biotech or pharmaceutical plays.
Other Notable Gainers
Beyond these top two, other individual stocks also posted healthy gains. SoFi (SOFI) saw its shares climb 9.04% to 30.7607, while electric vehicle maker Rivian Automotive, Inc. (RIVN) also had a strong day, advancing 7.62% to 16.39. In the cryptocurrency space, Bitcoin (BTCUSD) continued its upward momentum, rising 1.48% to 106085.34, reflecting continued interest in digital assets.
Minor Pullbacks
However, not everything was in the green. The Israeli Shekel against the US Dollar (ILSUSD) saw a slight dip, falling 0.48% to 3.2247. Ethereum (ETHUSD), another major cryptocurrency, also experienced a minor pullback, declining 0.13% to 3569.3784. These movements highlight that even on a generally positive day, some assets can move against the broader trend.
