U.S. stock market intraday update: Bullish up 4.31%

U.S. Stock Market Midday Update

Bullish rose 4.31%, with increased trading volume. According to recent key news:

1. On September 5, Bullish's European subsidiary obtained a MiCA license in Germany, enhancing its influence in the EU market. This move allows Bullish to provide services throughout the EU, driving up the stock price. Data source: BaFin.

2. On September 3, Bullish announced the appointment of David LaValle as President of CoinDesk Index and Data Business, bringing extensive experience in financial services and digital assets, boosting market confidence. Data source: Bullish.

3. On September 4, Compass Point gave Bullish a neutral rating with a target price of $45, noting that there may be better buying opportunities in the future. Data source: Compass Point. The cryptocurrency market shows strong demand with increased capital inflow.

Top Stocks by Trading Volume in the Industry

Coinbase fell 2.38%, with a trading volume of $2.539 billion. According to recent key news:

1. On September 4, Coinbase's Chief Legal Officer Paul Grewal sold company common stock, raising market concerns and leading to a drop in stock price.

2. On September 3, Coinbase announced the launch of a "Tech Giants + Crypto ETF" index futures on September 22, with mixed market reactions and stock price volatility.

3. On September 3, Coinbase's international platform announced an increase in the perpetual contract leverage cap to 50 times, adding uncertainty to the market. The cryptocurrency market's trading volume increased, with rising policy risks.

Intercontinental Exchange fell 0.07%, with a trading volume of $281 million. According to recent key news:

1. On September 3, Intercontinental Exchange released its latest market performance report, showing an annualized return of 15.23% over the past 15 years, outperforming the market by 2.84%. Despite strong long-term performance, the market reacted tepidly in the short term, leading to a slight decline in stock price.

2. On September 4, content released by Intercontinental Exchange via Business Wire indicated its market capitalization reached $100.26 billion, but failed to boost investor confidence, and the stock price continued to be under pressure.

3. On September 5, despite rising prices in the Canadian canola market, the trading volume and prices of Intercontinental Exchange were not significantly affected, with market sentiment remaining cautious. Recent market sentiment is cautious, with increased trading volume, necessitating vigilance against volatility risks.

Chicago Mercantile Exchange fell 2.09%, with a trading volume of $24.4 million, and increased trading volume. Based on recent key news:

1. On September 5, Federal Reserve observations indicated a 99.4% probability of a 25 basis point rate cut in September, leading to increased uncertainty regarding future interest rate policies, affecting the stock price of Chicago Mercantile Exchange

2. On September 4, CME Group reported an average daily trading volume of 28.1 million contracts in August, a decrease compared to the same period last year, raising concerns about its trading activities in the market.

3. On September 3, U.S. farmer sentiment declined for three consecutive months, with expectations of weak financial performance in the future, negatively impacting agricultural futures trading on the Chicago Mercantile Exchange. Expectations for a Federal Reserve interest rate cut increased, leading to heightened market volatility.

Stocks Ranked Among the Top by Market Capitalization in the Industry

S&P Global fell 0.82%, with a market capitalization of $163.6 billion. According to recent key news:

1. On September 4, the final value of the U.S. services PMI was lower than the initial value and below July's level. Although the August services data remained the second strongest of the year to date, concerns about future development prospects and inflation affected market sentiment, leading to a decline in stock prices. Data source: Jin10.

2. On September 4, S&P Global reported that all seven major U.S. industries showed signs of output growth, with the materials and healthcare sectors returning to a growth trajectory, and the financial sector's growth rate reaching a new high since December 2024. However, concerns about future economic growth and inflation risks still persist. Data source: S&P Global.

3. On September 3, although S&P Global still had a buy rating among analysts, top analysts believed that five stocks were more worthy of investment, which may have affected investor confidence in S&P Global. Data source: MarketBeat. U.S. economic growth and inflation risks impact the market