1. Consumer prices are steady at 2.4%, affecting market volatility. 2. U.S.-China trade agreements lead to eased tariff pressures. 3. Futures declined after tech stocks' recent surge; COIN shares surged. 4. Coinbase is set to join the S&P 500 next week, boosting visibility.
Coinbase's impending inclusion in the S&P 500 generally increases institutional investor interest, reminiscent of similar spikes seen when companies like Tesla were added.
Coinbase joining the S&P 500 is a critical milestone, significantly raising its profile in the market, thus impacting trading volume and price performance.
Immediate interest in Coinbase can be observed due to S&P inclusion, potentially affecting stock performance in the upcoming weeks.