Market Updates
U.S. Movers: Apple, Crypto Stocks, Deckers Outdoor, Jet Blue, Spirit Airlines, Super Micro
Scott Peters
04 Mar, 2024
New York City
Apple decreased 1.7% to $177.14 after the European Commission fined the popular iPhone maker Є1.8 billion for its alleged "abusive" app store practices for streaming music service providers.
Cryptocurrency-linked stocks advanced after Bitcoin surged 3.5% to 65,367.20, only 5% shy of its record high of $69,000.
Coinbase advanced 6% to $219.32, MicroStrategy soared 9.2% to $1,183.0, Marathon Digital gained 4.5% to $28.09, Robinhood Markets inched up 3.2% to $17.11, and Riot Platforms traded up 4.4% to $17.11.
Super Micro and Deckers Outdoor advanced after the two companies were selected to be added later in the month to the popular benchmark S&P 500 index managed by S&P Dow Jones Indices.
Zions Bancorp and Whirlpool will be moved from the S&P 500 to the S&P MidCap 400 index.
Super Micro Computer jumped 15.96% to $1,050.02, and Deckers Outdoor jumped 4.3% to $942.0.
Spirit Airlines plunged 14% to $5.55 and JetBlue gained 4% to $6.70 after the two companies canceled their merger plans, facing antitrust regulatory hurdles.
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