Crypto stocks plummet as SEC lawsuits shake market confidence.
TL;DR Summary
Coinbase shares fell over 13% after the SEC sued the company for operating as an unregistered exchange and broker. GitLab surged over 30% after posting a smaller-than-expected loss for Q1. Thor Industries jumped 16% after reporting better-than-expected Q3 earnings and raising its full-year guidance. Regional bank stocks, including Zions Bancorporation, Comerica, and KeyCorp, rose broadly. HealthEquity added about 13% after beating earnings expectations and raising its full-year guidance. VF Corp rose over 7% after announcing the opening of a new distribution center in California.
- Stocks making the biggest moves midday: Coinbase, GitLab, HealthEquity and more CNBC
- Dow Jones Falls As Crypto Stock Coinbase Crashes 21% On SEC Lawsuit. | Investor's Business Daily Investor's Business Daily
- Coinbase, Apple stocks falls while GitLab, Thor shares rally, and other stocks on the move MarketWatch
- Stocks to Watch Tuesday: Coinbase, Unity Software, GitLab The Wall Street Journal
- Wall Street edges up but crypto-related stocks suffer on SEC lawsuits Financial Times
- View Full Coverage on Google News
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