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Stocks trade higher, lifted by crypto, commodities: AlphaCheck
Yahoo Finance • • business
Key Points:
- Stocks opened higher on Friday despite being on track for weekly losses following bond market volatility earlier in the week.
- Bitcoin's rally boosted cryptocurrency-related stocks, while defensive sectors like Utilities underperformed.
- Basic Materials led gains in the morning session, supported by rising prices in commodities such as copper and gold.
- Financial stocks also showed strength, driven by positive movements in Robinhood and Coinbase shares.
- Notable stocks attracting attention include Strategy, SK Hynix, Coinbase, Circle, Alibaba, Robinhood, and Freeport-McMoRan.
