The Dow and Nasdaq recorded their worst day performances in almost two years on Thursday, as the S&P 500 also loses ground.
The digital currency ecosystem is also seeing a massive bullish correction with Bitcoin (BTC) trailing the broad market indices in the rally post interest rate hike.
All three major US stock indices witnessed heavy selling in April 2022 amid concerns about the Fed’s hawkish move in monetary policy tightening.
NASDAQ futures, as well as futures of other US leading indexes fell after discouraging earnings reports from tech companies.
Meta explained that the Meta Store has an interactive Quest 2 display wall.
About a week ago, Musk submitted a filing with the SEC that shows that the Tesla CEO has secured $46.5 billion in debt and equity financing to support a potential Twitter takeover bid.
There are speculations that the price drop is traceable to further tension from Russia’s invasion of Ukraine and also the US Federal Reserve interest adjustment policy.
European markets opened 1.3% lower at the beginning of the week as investors continue to monitor developments around the war in Ukraine.
Tesla announced record Q1 numbers that surpassed analysts’ expectations in revenue and earnings per share despite supply chain issues.
The Ethereum network is known for its very high gas fees, however, Coinbase said it will not charge any fees for a limited amount of time.
European stocks turned positive after opening at the flatline as markets assess the Ukraine war and predictions from the World Bank and IMF.
Following a 35% fall after reports on the subscribers’ loss, Netflix is now down 27.15% in the pre-market trading.
The first Australia Bitcoin ETF will not take the usual route like other ETFs. Rather than investing directly in Bitcoin, the Fund will invest in shares of Purpose Investment’s Bitcoin ETF.
Bitcoin is showing signs of bounceback after a strong correction earlier this week. However, analysts predict that the chances of Bitcoin going lower could be higher from here.
According to the World Bank, factors including the war in Ukraine, fuel prices, and food shortages have caused a reduction in global growth.