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Steady Week in Finance

Elijah Jumper, C'26

Coinbase had a strong week in finance

Greetings Mount community! I’m back for a second week of finance blog posts. This week the short blog will go over how the overall stock market did last week, what many are predicting for the future, and two of stocks that had great weeks.

Looking at the stock market as a whole, many investors and companies saw the week start off in a slump. Many companies stock prices were down. Although one could speculate why this happened, one reason could be that bonds were seeing a higher yield or return rate. Often, investors will decide to invest in a safer option such as bonds when the yield is higher. Because of this, the stock market may suffer from less investors. The slump in stock prices to start the week could also just be normal market fluctuations.

The market may have started off on a low, but it did pick up throughout the week with share prices overall stabilizing.  I think this is a good sign leading into the next week. With prices ending stable, it could lead to some excitement to go into the latter half of February. As discussed in last week’s blog post, the S&P 500 is a trusted indicator to try and get a feel for the stock market. The S&P 500 stabilized at the end of the week, ending around $5,020 per share, matching its record high.

Some analysts have released articles in the last week stating they believe the S&P 500 will increase to $5,200 per share. This would be an extreme milestone and shows the confidence many investors have in the stock market. I believe this is a possibility, the rise to $5,200. With the technology sector still growing and it being the biggest driving force in the S&P, the rise to that number could be doable. Additionally, through all of the economic struggles, predictions of a recession, or expectation to decrease investing, the stock market has stayed strong and has had some great growth. The confidence the stock market currently has could add to the push to $5,200 for the S&P.

Wrapping up this week’s blog, we’ll look at two specific stocks that had good weeks. Coinbase, which may not be as well known, and Lyft, the ridesharing company. Coinbase is a crypto currency exchange company. This week, they saw a $50 rise in share price, or roughly a 35% increase. The rise for Coinbase is substantial as that rise in one week is uncommon. Bitcoin, the largest cryptocurrency, surged this week. That was the primary reason for Coinbase’s rise in stock price. As for Lyft, the company reported higher than expected earnings for the last quarter, which prompted many investors to buy the company. Lyft is up about $5, or nearly 40% in the past week.

Thank you all for reading! Have a good last week of classes before spring break.

Elijah Jumper, C'26