- Major U.S. stock indices closed higher on August 25, with the Nasdaq Composite rising 0.66 %, the S & P 500 up 0.32 %, and the Dow Jones increasing 0.3 %.
- Robinhood and Bank of Nova Scotia recorded notable gains of 8.17 % and 7.18 %, with turnover reaching 2.7 billion dollars and 390 million dollars respectively.
- Palo Alto Networks and CrowdStrike experienced declines of 3.13 % and 2.78 %, despite strong year-to-date gains of 84.5 % and 58.2 %.
- Palantir Technologies Inc. shares traded lower by 1.23 % to $173.72 on Tuesday despite Truist Securities reiterating a Buy rating and a $223 price target.
- Truist highlighted Palantir's competitive advantage in elite forward deployed engineers, noting the company trained roughly 4 out of every 5 top-tier professionals in this role.
- Technical indicators showed the stock pulling back after an extended run, remaining about 6.7 % above its 20-day moving average amid cooling near-term momentum.
- Bitwise Asset Management launched Automated Token Portfolios using Coinbase's tokenized U.S. stocks and Glider for automated rebalancing.
- Eligible non-U.S. investors can replicate professional portfolios of tokenized stocks while retaining self-custody and utilizing DeFi protocols.
- Bitwise plans to roll out three initial portfolios targeting the Magnificent Seven, robotics, and artificial intelligence leaders.