Posted 2/28/2024, 5:14:00 PM
Stocks Slip from Highs as Bitcoin Extends Rally; EBay and Beyond Meat Pop on Earnings
- Major indexes were off day's highs Wednesday; Dow dipped 0.2% and S&P 500 pulled back less than 0.1% while Nasdaq fell 0.4%
- Bitcoin continued its rally, charging beyond $60,000; bitcoin miners CLSK and MSTR saw shares spike
- EBay surged after topping Q4 views; Axon Enterprise jumped 14% to new high after earnings beat
- Chemed and Vipshop broke out to record highs following earnings results
- Beyond Meat rocketed despite Q4 loss and declining sales on plans to cut costs and raise prices