Shares of Netflix (NASDAQ: NFLX) rose by a shade under 5% on Wednesday, topping the performance of the surging S&P 500 index, which gained about 3.6%. Investors were cheered when a longtime Netflix bear lost some of his grumpiness and upgraded his recommendation on the stock. The analyst in question is Wedbush's Michael Pachter, who has attracted some notoriety for being a top Netflix bear. Read More...
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Why Crypto Mining Stocks Jumped Today
The share prices of crypto mining companies took a big bounce on Wednesday after President Biden released an executive order related to digital assets. This order could bring sweeping regulation to the crypto industry, but that’s actually being viewed as a good thing for cryptocurrencies. At various points during the trading session, Canaan (NASDAQ: CAN) was up by as much as 13.2%, Hut 8 Mining (NASDAQ: HUT) was up by 13.8%, HIVE Blockchain Technologies (NASDAQ: HIVE) was up by 11.6%, Bit Digital (NASDAQ: BTBT) was up by 13.1%, and Riot Blockchain (NASDAQ: RIOT) popped by 13.8%.
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