Monday, December 29

Miners stumble as gold falls, Needham cuts Coinbase price target


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It’s time for Yahoo Finance’s market minute. US stocks slip Monday as Wall Street enters the final trading days of a roller coaster 2025.

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The move lower in the major indices spurred by losses in technology, now dampening hopes for a so-called Santa Claus rally.

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This comes after the S&P 500 scaled to fresh record levels just last week.

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Meanwhile, volatility also gripping the precious metal space, gold tumbling after touching record highs, bringing down the miners.

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Newmont and Freeport McMoran sliding in today’s trade as the parabolic move in the precious metals space comes to a screeching halt.

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And lastly, Needham takes a second look at some of its crypto-related names, the firm trimming back its price targets on Coinbase and Robin Hood.

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Needham lowering its price target from 400 to 290 on Coinbase and moving down from 145 to 135 on Robin Hood.

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And that’s your Yahoo Finance Market Minute. Scan the QR code below to track the best and worst performing stocks for the trading session.



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