Wall Street
First Solar shares rebound as analysts dismiss Tesla solar competition
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Shares of First Solar rose 1% on Friday following a sharp decline, as major Wall Street firms downplayed the threat from Tesla's ambitious solar manufacturing plans. Elon Musk announced targets for 100 gigawatts of annual production, but analysts cited supply constraints and First Solar's advantages as mitigating factors. While one firm downgraded the stock, overall sentiment remained positive.
Mexico's Bolsa Mexicana de Valores (BMV) fell 1.63% on Friday, March 20, 2026, closing at 64,134.9 units on the IPC, while Wall Street saw declines led by the Nasdaq at 2.01%. Weekly losses hit 2.31% for the BMV and about 2% for US indices, amid the Middle East war driving up oil prices.
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The XRP token has traded in a narrow range over the past 30 days, with demand from Wall Street investors showing signs of decline. Spot XRP exchange-traded funds (ETFs) recorded outflows for the first time since their launch in November, shedding over $26 million in assets this month. Despite this, technical indicators suggest the cryptocurrency may be in an accumulation phase according to the Wyckoff Theory, potentially setting the stage for a bullish breakout.
Bitwise CEO Hunter Horsley has predicted that every Wall Street institution will engage with cryptocurrency within the next year. He shared this bold outlook on X, emphasizing crypto's transformative potential for capital markets. This forecast aligns with growing institutional interest in digital assets.
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JPMorgan Chase & Co. is set to allow institutional clients to use Bitcoin and Ether holdings as collateral for loans by year's end. This move marks a deeper integration of cryptocurrency into Wall Street practices. The global program will use a third-party custodian for security.