Nasdaq shares rose 2.47% after crypto exchange Gemini introduced zero-commission stock trading, triggering sell-offs at GEMI and HOOD. On July 7, the company received a Zacks Rank #2 (Buy) upgrade, reflecting growing optimism about its upcoming earnings prospects.
On July 7, Gemini launched 0% commission stock trading, prompting Nasdaq shares to rise 2.47% as rival platforms GEMI and HOOD tumbled 4.88% and 2.31%, respectively, with COIN down 1.61%. This shift may pressure traditional trading fee revenues across major exchanges.
Nasdaq Inc. received a Zacks Rank #2 (Buy) upgrade on July 7, signaling analyst confidence in its earnings trajectory. The upgrade reflects expectations for stronger revenue growth from market-data services and trading platforms in upcoming quarters.
Samsung Electronics reported second-quarter operating profit of 89.4 trillion won versus forecasts of 84.2 trillion won, yet shares plunged, underscoring AI-stock jitters. Such volatility among technology giants could influence trading volumes and volatility on Nasdaq-listed securities.
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