Blockchain Shares Retrace Gains Amid Panic on Trade War Easing
[ChainDD report] May 15 (ChainDD) As panic triggered by trade war between US and China began to ease, major US stock indexes rebounded on May 14 EST. The Dow Jones Industrial Average closed up 207 points, or a rally of about 0.8%, the same as S&P 500, and the Nasdaq Composite finished 1.14% higher. While blockchain shares wiped their gains intraday and tumbled by the end of session. Roit Blockchain dropped more than 9% in the midday and posted 4.94% slide as close in spite of about 9% rise early that day. Marathon Patent Group surged nearly 11% at early session but ended with a decline of 5.92%.
According to ChainDD’s previous news, on May 13 EST, Three major US stock indexes all recorded their biggest daily losses since the beginning of this year. The Dow Jones Industrial Average fell nearly 620 points, or more than 2%, the same percentage loss with the S&P 500. The Nasdaq Composite declined over 3%. But blockchain shares countered the bearish trend. Riot Blockchain closed more than 10% and Marathon Patent jumped nearly 16%.