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Stock of the Day: Coinbase falls 10% on crypto-summit disappointment, S&P 500 snub

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Trump's hotly anticipated crypto summit failed to lift prices, and the company was also left out of the benchmark S&P 500.
The article discusses the recent performance of Coinbase Global Inc., which experienced a 5% drop in its stock price following the company's annual crypto summit. The summit failed to excite investors as it did not introduce any significant new developments or partnerships. Additionally, Coinbase was not included in the S&P 500 index, which contributed to the negative sentiment. The lack of inclusion in the S&P 500 was particularly disappointing as it was seen as a potential catalyst for the stock's growth. The article also touches on broader market reactions, noting that while the crypto market has been volatile, Coinbase's specific challenges include regulatory scrutiny and competition from other crypto exchanges.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/markets/stock-of-the-day-coinbase-falls-5-on-crypto-summit-disappointment-s-p-500-snub/ar-AA1AC0yb ]