Some high-profile misses garner a lot of attention, but the most important factors for the long-term trajectory of the market are intact.

On Thursday, GlobalFoundries (GFS), a global leader in feature-rich semiconductor manufacturing, listed on the Nasdaq Stock Exchange, raising nearly $2.6 billion in its initial public offering (IPO). The new listing marked Nasdaq’s largest U.S. IPO by proceeds raised in 2021.

On Wednesday, the cryptocurrency Shiba Inu briefly hit $40 billion in market cap as it closed in on rival dog-themed token Dogecoin, which is currently down more than 50% from its peak earlier this year. 

Looking to excel in the electric car market, Swedish automaker Volvo Cars listed on Nasdaq Stockholm, aiming to raise approximately 20 billion SEK, the equivalent of $2.3 billion, and intends to use these funds to produce a fully electric fleet of cars.

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services‘ Energy Team.

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services‘ Energy Team.

Even amid a global pandemic, ZoomInfo, saw the opportunity to go public, and its IPO in June of 2020 “cracked open the IPO market,” according to Jeff Thomas, head of Western U.S. Listings and Capital Markets at Nasdaq.

After yesterday’s market close, tech giants Microsoft (MSFT) and Alphabet (GOOG, GOOGL), the parent company of Google, reported calendar Q3 earnings. In doing so, they demonstrated why people keep buying big tech names, and why investors should continue to do so.

The yield on short-dated U.S. Treasury bonds rose this morning to the highest level since March 2020 on further inflation fears following the news that Australia’s inflation rate has reached its central bank’s target for the first time since Q4 2015

Today, October 26, 2021, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity.