Oracle and Robinhood Plunge, Visa Shines in Mixed Market Day
The market saw a day of mixed signals, with some individual stocks experiencing sharp declines while others posted solid gains. Major indices showed relatively modest movements, but the spotlight was on specific companies and the cryptocurrency space, which saw considerable volatility.
Significant Declines Hit Tech and Crypto
Leading the day's downturn was Oracle Corporation (ORCL), which saw its shares fall by 10.84% to close at $198.83. Following closely was Robinhood (HOOD), experiencing a 9.37% drop, with its price settling at $122.95. The cryptocurrency market also faced a tough session; Ethereum (ETHUSD) plummeted by 6.13% to $3,199.84, and Bitcoin (BTCUSD) was down 2.81%, trading at $91,000.43. Additionally, Rivian Automotive, Inc. (RIVN) shares decreased by 4.77%, ending the day at $16.67.
Visa Leads the Gainers
On the brighter side, payments giant Visa Inc. (V) delivered a strong performance, with its stock climbing 6.10% to reach $345.59. This significant gain provided a positive counterpoint to the day's broader declines. The תל אביב 125 (TA125) index also moved higher, gaining 1.05% to close at 3648.1.
Broader Market and Currency Movements
Looking at the wider market, the S&P 500 (SP500) posted a modest 0.15% gain, reaching 6896.71. In contrast, the Nasdaq 100 (NASDAQ) edged down slightly by 0.34%, closing at 23573.81. The דולר שקל (ILSUSD) exchange rate also saw a minor dip, falling 0.35% to 3.2037.
