Dow, S&P 500, NASDAQ Futures Fall
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Crypto-related stocks also tumbled as bitcoin traded at $77,400, down from yesterday’s high near $82,000, amid the risk-off move in markets. Shares of Strategy ( MSTR ), the largest corporate holder of bitcoin, were down 7% recently, while Coinbase ( COIN) plummeted 12% and Robinhood ( HOOD) slid 8%.
The Nasdaq Composite ( ^IXIC) tumbled 3.3% as a tech-fueled sell-off intensified. The Dow Jones Industrial Average ( ^DJI) fell 1.2%, or over 600 points, while those on the S&P 500 ( ^GSPC) dropped 2.2%.
Shares of NVIDIA Corp. and Cisco are trading lower Friday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of NVIDIA Corp. NVIDIA Corp. and Cisco
The stock market, including the Dow Jones, ended a painful week lower. Intel collapsed. The midterms and the latest jobs report now loom.
S&P Dow Jones Indices, a division of S&P Global (SPGI), announced that S&P MidCap 400 constituent Okta Inc. (OKTA) will replace Kenvue Inc. (KVUE) in the S&P 500, S&P SmallCap 600 constituent Glaukos Corp.
Nasdaq futures plunge over 2% as Amazon's rising AI expenditure and Intel's cash-burn warning intensify concerns over Big Tech spending. Alphabet extends losses, while Nvidia and AMD fall. Investors also assess Treasury yields,
The Dow Jones (DJIA) is down 0.84% on Friday as tech stocks continue to face pressure. Amazon ($AMZN), which holds a 2.74% weight in the index, is in the red
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Dow Jones futures: Nasdaq futures plunge 2% on Amazon, Intel after Google, ServiceNow, Fortinet dive
Amazon, Intel and Illumina were earnings losers overnight after Google, ServiceNow and Fortinet slammed techs. Much of the market is doing fine.
