All articles tagged with #market sell off
US stocks declined as AI-related stocks like Broadcom, Nvidia, and AMD led a tech sell-off despite Broadcom's strong earnings, reflecting investor jitters over an AI bubble. Major indexes closed lower, with concerns about near-term stability amid mixed economic signals from China and geopolitical issues. Copper prices hit record highs due to supply disruptions and demand from energy and AI sectors.
The crypto market experienced a significant decline, nearly 6%, driven by a sell-off after CME futures opened and hawkish comments from the Bank of Japan about potential rate hikes, leading to increased volatility, liquidations, and a shift to bearish sentiment, although oversold conditions suggest a possible relief rally.
Global markets declined following a sell-off in Wall Street tech shares, with Asian and European markets also falling, driven by concerns over high valuations and corporate earnings, while gold prices rose as a safe-haven asset.
Bitcoin has sharply declined below $105,000 amid a broader crypto market sell-off, sparking fears of a prolonged bear market lasting into 2026 with potential lows between $70,000 and $80,000. Analysts warn of extreme volatility and a possible market rebound before 2026, contingent on macroeconomic factors and regulatory developments.
The UK stock market declined following concerns over US regional banks Western Alliance and Zions Bank facing loan issues, sparking fears of broader banking sector problems and causing global market declines, though some US bank shares rebounded and investors sought safe havens like gold amid heightened volatility.
U.S. stock futures are slightly lower following a sell-off driven by concerns over regional banks' loan practices, with major indexes closing in the red and increased market volatility. Despite strong earnings reports from some companies, worries about loose lending and bank failures continue to weigh on investor sentiment amid broader economic uncertainties and geopolitical tensions.
Stocks declined sharply following the Bank of Japan's announcement to unwind $250 billion of ETFs, leading to a market sell-off amid concerns over monetary policy shifts.
Dow Jones futures declined slightly overnight amid a mixed market rally, with growth stocks like Palantir, Oracle, and AMD falling sharply, prompting investors to consider reducing exposure and preparing for potential buying opportunities as sectors show varied strength.
Dow Jones futures rose modestly after a tough week for the stock market, with key earnings reports from Palantir, AMD, and others upcoming. Tesla rewarded Elon Musk with a significant new compensation package, and market sentiment remains cautious amid geopolitical and economic concerns. Investors are advised to have a clear strategy for navigating the volatility.
The cryptocurrency market has seen a significant sell-off, with bitcoin dropping below $61,000 after hitting an all-time high last week. The sell-off has also affected other digital assets like ether and Solana, with the total market value shedding $400 billion. Factors contributing to the decline include profit-taking, outflows from bitcoin ETFs, and concerns about high fees. Analysts suggest that if bitcoin falls below $60,000, it could weaken further, potentially testing the $50,000 to $52,000 level.
The hot January inflation report has dashed hopes for an imminent interest-rate cut by the Federal Reserve, with the consumer price index rising higher than expected, triggering a broad market sell-off and reducing the likelihood of a rate cut in March to just 30%. Federal Reserve Chair Jerome Powell indicated that a March rate cut is unlikely, as policymakers lack confidence that inflation is on the path back to 2%. While progress toward the Fed's 2% inflation target has slowed, the report suggests that without a cooling of the labor market and economy, inflation progress is likely to come to a halt, making a May rate cut a possibility if economic activity aligns with prior Fed tightening.
Bitcoin fell from $50,000 to around $48,600 following a hotter-than-expected CPI reading, with the broader market experiencing a sell-off. The U.S. Bureau of Labor Statistics reported a larger increase in the January consumer price index than anticipated, leading to concerns about the Federal Reserve's ability to cut rates. While bitcoin remains a gauge on liquidity within the financial system, it is not necessarily an inflation hedge. Ether led the crypto rally on Monday, buoyed by anticipation of ethereum's next big tech upgrade and renewed interest in NFTs.
Stock and bond markets experienced a sell-off as investors' hopes for interest rate cuts diminished. The market movement reflects a shift in expectations regarding central bank policies, with investors possibly anticipating a more hawkish stance on interest rates, which could impact borrowing costs and economic growth.
The S&P 500 experienced a significant market sell-off, wiping out approximately $600 billion in market cap within two hours. The recent rally, driven by investor optimism surrounding anticipated rate cuts in 2024, came to a halt as investors likely moved to take profits following a massive surge in equities. Despite the Federal Reserve's plan to cut rates, macroeconomic uncertainties and sustained record-high policy rates contributed to the sell-off. The Nasdaq 100 ETF also experienced significant outflows.
The US unit of China's Industrial and Commercial Bank of China (ICBC) experienced a ransomware attack that disrupted its systems, potentially impacting liquidity in the US Treasuries market and contributing to a brief market sell-off. ICBC Financial Services, headquartered in New York, reported the attack to law enforcement and is investigating the incident. The bank stated that it successfully cleared US Treasury trades executed on Wednesday and repurchase agreements financing trades done on Thursday. While the incident did not affect ICBC's head office or other units, global financial regulators are assessing the fallout. China is a major player in the Treasuries market, holding $805.4 billion worth of Treasury securities as of August. Ransomware attacks have become a national and economic security concern for the Biden administration.