Coinbase’s rocket runs out of fuel at launch – #stocks chatter

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Coinbase’s rocket runs out of fuel at launch
Coinbase opened $100 over its reference price with an insane opening, but the hype was short-lived

Read more here: [Coinbase's rocket runs out of fuel at launch - DecentraNews ](https://decentra.news/coinbases-rocket-runs-out-of-fuel-at-launch/)

Otherwise, the major indices finished mixed

The overall underwhelming IPO of Coinbase sent shockwaves through the cryptocurrency equities, sending crypto mining stocks deep in the red.

We saw the opposite action from yesterday, the Russell 2000 led with the Dow not far behind. The S&P 500 and Nasdaq both closed lower. The energy sector was also very strong throughout the day. Basic materials and financials also flew more than 0.50%. Consumer discretionary, communications, and tech all tumbled by about 1%.

**Did you buy Coinbase today? Do you feel bullish or bearish after today?**
https://www.reddit.com/r/StockMarket/comments/mr4mog/coinbases_rocket_runs_out_of_fuel_at_launch/

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