S&P 500 and Nasdaq hit session lows as tech selloff erases morning gains

Markets split sharply on Wednesday as lower oil prices eased inflation fears, but pressure on technology stocks, crypto assets and precious metals kept investors focused on risk. By midday June 24, the Dow Jones Industrial Average traded near 51,828, up about 163 points, while the S&P 500 slipped 0.11% to roughly 7,357. The Nasdaq Composite […]

JPMorgan's optimistic S&P 500 outlook highlights potential market volatility, hinging on geopolitical stability and sustained AI-driven earnings growth. The post JPMorgan lifts S&P 500 target to 7,800 as blue sky scenario nears appeared first on Crypto Briefing.

Market volatility highlights the fragility of tech stocks, emphasizing the need for diversified portfolios to mitigate sector-specific risks. The post Dow, Nasdaq and S&P 500 open higher after two-day tech rout erases billions appeared first on Crypto Briefing.

Cboe launched its first prediction market product tied to the S&P 500 index, citing a growing investor demand for binary options contracts.

Strategy should halt its bitcoin purchases and rebuild its cash reserves, research firm Cryptoquant warned, after the company’s dividend coverage collapsed from more than seven years to just 14 months and its preferred stock kept trading below face value. A Collapse in Dividend Coverage Strategy Inc. (Nasdaq: MSTR) should pause its bitcoin accumulation and prioritize […]

Health care up ~3.1% after a BofA upgrade as investors seek steadier cash flows; S&P adds MRVL & FLEX in June. Why defensive EPS may edge out financials.

Tech stocks around the world fell on Tuesday, with the flagship Nasdaq index closing 2.2 percent down at the end of the session. In this edition, we look at how markets reacted this Wednesday and some of the reasons why investors sold their shares: massive projected capital expenditure on AI, as well as the prospect of higher interest rates. Also, we examine Spain's pioneering climate leave policy.

Hut 8 (NASDAQ: HUT) has agreed to pay $2.35 million to settle a proposed securities class action brought by investors who accused the bitcoin miner of misleading the market about operational problems tied to its 2023 merger with U.S. Bitcoin Corp. This article first appeared in The Energy Mag. The original article can be viewed […]