U.S. stock night market fluctuations: Ark increases holdings and new cooperation brings double benefits, Coinbase rises 3.38% in night trading

U.S. Stock Night Market Movements

Coinbase rose 3.38% in the night market. Based on recent key news:

1. On November 19, Ark Invest increased its holdings in Coinbase stock by approximately $3 million. This move demonstrates institutional confidence in Coinbase, despite the stock price falling 0.82% at the close that day. Source: The Block

2. On November 19, news emerged that Coinbase is collaborating with Kalshi to develop a prediction market platform. This move may indicate Coinbase's proactive layout in business expansion, attracting market attention. Source: BlockBeats

3. On November 20, Coinbase announced the launch of spot trading for Aster (ASTER). The introduction of this new product may have heightened market interest in the Coinbase platform, driving the stock price up. Source: Jinse Finance

Stocks with High Trading Volume in the Industry

Bullish rose 3.19% in the night market, with a trading volume of $929,700, and there has been no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

Nasdaq rose 1.12% in the night market. Based on recent key news:

1. On November 20, early cloud computing and AI investments drove GenAI-driven product innovation and efficiency improvements, along with strong growth in fintech, listings, and data businesses, combined with strict cost management and capital allocation, positioning the company for sustained expansion. These factors collectively drove the rise of Nasdaq.

2. On November 17, according to BlockBeats, the correlation between Bitcoin and the Nasdaq 100 index reached approximately 0.80 within 30 days, the highest level since 2022. This high correlation indicates that Bitcoin is increasingly resembling leveraged tech stocks, which may have affected market confidence in tech stocks.

3. No other significant news recently. The increased correlation between tech stocks and Bitcoin requires attention to risks.

S&P Global rose 0.17% in the night market. Based on recent key news:

1. On November 18, S&P Global Ratings noted that Saudi enterprises will focus on cross-border issuance, which may drive growth in S&P Global's rating business and enhance market confidence.

2. On November 19, significant progress in the corporate data office and client office improved efficiency and customer engagement, driving growth in market intelligence and private markets, with technology and partnerships facilitating margin expansion.

3. On November 18, Mizuho Securities analyst Sean Kennedy reiterated a buy rating on S&P Global, with a target price of $657, and the analyst consensus is strong buy, with a target price consensus of $611.40. Market intelligence and private markets are key growth areas