SHARES IN CRYPTO FIRMS ALSO FALL
Shares of cryptocurrency-related firms Coinbase Global, MicroStrategy Inc, Riot Blockchain, and Marathon Patent Group fell after China’s central bank put a ban on crypto trading and mining.
“It’s been a very volatile week, to say the least, so I think going into the last week of September the volatility is likely to continue especially with the end-of-the-quarter window dressing,” Peter Cardillo, Spartan Capital Securities’ chief market economist in New York, said that.
Investors are also seeking signs of progress regarding President Joe Biden’s spending plans and budget bills.