U.S. Stocks Open Lower on Friday; Gemini Soars 26% After Receiving $100 Million Investment From Winklevoss Twins

Tiger Newspress05-15 21:30

U.S. stocks fell on Friday, bogged down by losses in technology stocks and a rise in U.S. Treasury yields, after a summit between President Donald Trump and Chinese President Xi Jinping ended and left traders worried about no major policy breakthroughs.

The S&P 500 shed 1%, while the Nasdaq Composite lost 1.4%. The Dow Jones Industrial Average was down 336 points, or 0.7%.

Gemini Space Station said Tyler and Cameron Winklevoss made a $100 million strategic investment in the crypto exchange through Winklevoss Capital Fund, buying Class A shares at $14 apiece using Bitcoin as consideration.

Shares of Gemini rose 26% in morning trading.

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