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Tech selloff deepens as traders brace for hot CPI report
Tech stocks slide for a second session as traders brace for a May CPI report forecasted at 4.2% YoY. Bitcoin drops 14% and Ethereum falls 15.8% amid
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cryptobriefing.com
US stocks slump as fears over Big Tech shake Wall Street
US stocks fell sharply after a blowout May jobs report sparked fears of sustained high interest rates, wiping trillions from Big Tech and dragging crypto
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zerohedge.com
Key Events This Week: All Eyes On The First CPI Print Over 4% In 3 Years
The main economic event of the week, namely Wednesday’s May US CPI report: in the past 100 years, once CPI crosses 4% on average SPX -4% next 3 months, -7% next 6 months.
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S&P 500 drops 2.64% as investors dump tech for healthcare and consumer staples
The S&P 500 fell 2.64% as investors rotated from tech into healthcare and consumer staples. Bitcoin dropped below $60K amid rising Treasury yields.
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US stock futures drop after tech selloff as Fed rate hike expectations surge
US stock futures fell after a tech selloff driven by strong jobs data. Bitcoin dropped below $62,000 as Fed rate hike odds surged to 68-72% by December.
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CPI anxiety drags stocks and crypto lower in tandem
Bitcoin fell below $62K and the Nasdaq dropped 3% as investors pull back ahead of the May CPI report expected at 4.2%. Fear and Greed Index hits 10.
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S&P, Nasdaq fall as tech shares drag markets lower and Bitcoin follows suit
Nasdaq drops 4.18% as strong jobs data and weak Broadcom guidance slam tech stocks. Bitcoin falls to $61,344, dragging crypto equities down over 6%.
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S&P 500 closes 0.3% lower as NASDAQ drops 1.1% in tech-led selloff
The S&P 500 fell 0.3% and NASDAQ dropped 1.1% as semiconductor stocks lost nearly $1 trillion in value. Bitcoin slid in tandem with equities.
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france24.com
Tech leads Asia losses as rollercoaster week rumbles on
Stocks fell Wednesday to extend a rollercoaster week for markets, with tech firms once again bearing the brunt of the selling as investors fret over elevated prices and possible…
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swissinfo.ch
Stocks Decline Before CPI, Gold Drops on Fed Bets: Markets Wrap
(Bloomberg) -- Stocks resumed their slide as technology shares remained under pressure and investors trimmed positions ahead of a key inflation reading in the US. Gold dropped.
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Tech Retreat Deepens as Traders Eye CPI Spike: Markets Wrap
(Bloomberg) -- The retreat in technology stocks extended further as traders pared exposure ahead of data that is expected to show US inflation has hit the highest level in more…
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Tech Selloff Deepens as Traders Brace for Hot CPI: Markets Wrap
(Bloomberg) -- Technology stocks were set to pull US equities lower for a second session as traders pared exposure ahead of an inflation reading that is expected to hit the…
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channelnewsasia.com
Wall St futures slip as tech losses mount ahead of key inflation data
June 10 : U.S. stock index futures fell on Wednesday as technology stocks extended losses, while renewed tensions between the U.S. and Iran weighed on sentiment ahead of a key…
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Tech selloff deepens as traders brace for hot CPI report
Tech stocks slide for a second session as traders brace for a May CPI report forecasted at 4.2% YoY. Bitcoin drops 14% and Ethereum falls 15.8% amid
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Stocks Fall Ahead of CPI as US-Iran Truce Frays: Markets Wrap
(Bloomberg) -- Technology stocks were set to lead US equities lower for a second day as tensions in the Middle East escalated and traders braced for a hot inflation report.
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Futures Slide Amid Renewed Tech Selling, Geopolitical Chaos Ahead Of Key CPI Print
“We currently see a healthy correction in parts of the market which might have moved too far, too fast. There’s also no trigger to further upgrade earnings expectations."
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US tech stocks sink as volatility flares up on Wall Street, dragging crypto down with it
The Nasdaq dropped 4% as semiconductor stocks cratered and Bitcoin fell below $60K. Here's what the Wall Street sell-off means for crypto investors.