2 Stocks Moving on Crypto Buzz

The Dow is up 271 points this afternoon

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Schaeffer's Midday Market Check
8/23/2021
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Nasdaq, S&P 500 Notch Intraday Highs Amid Fresh Economic Data


By: Laura McCandless

The Dow Jones Industrial Average (DJI) is up 271 points at midday, extending this morning's gains as investors speculate on this week's annual Jackson Hole monetary policy symposium, in which Federal Reserve Chairman Jerome Powell will provide commentary. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are firmly in the black as well, after earlier notching fresh intraday highs. On the data front, the IHS Markit flash U.S. composite index fell to an eight-month low of 55.4, while existing home sales for July rose 2% to an adjusted annual rate of 5.99 million, which is higher than analysts' expected 5.83 million.

Continue reading for more on today's market, including: 

  • PayPal stock expands its crypto reach
  • Coinbase stock climbs as Bitcoin breaks higher.  
  • Plus, TRIL options surge after buyout; VVOS soars on FDA approval; and MKTW hits new all-time-low.
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