Tuesday was the worst day for short-term traders who flocked to the hottest stocks since April's chaos was sparked by Mr. Trump's trade war. The sell-off hit the Retail Favorites Index, a basket compiled by Goldman Sachs and heavily held by lay traders, particularly hard after Palantir reported disappointing earnings and Michael Berry, the prototype of The Big Short, revealed he was short the stock and Nvidia.
Gold prices plunged 6 percent on Tuesday, the biggest one-day drop since April 2013, according to the Financial Times. The historic gold rally came to a halt at the end of India's Diwali gold buying season. After hitting a high of $4,381 an ounce on Monday, gold prices plunged to $4,082 on Tuesday in what was widely seen as a belated correction. The historic rally so far this year has accelerated in recent weeks, gaining 25 percent in the past two months alone. MKS PAM...
Spot silver fell by more than 5%, the largest decline in six months.
The crypto market experienced extreme conditions. BTC experienced a maximum decline of 12.7% in 30 minutes and a short-term low of $10 2000.00. ETH experienced a maximum decline of 14.3% in 30 minutes and a short-term low of $3435.00.
The S & P 500 index fell more than 1 percent, its largest decline since September 2.
The S & P 500 index fell more than 1 percent, its largest decline since September 2.
The three major indices of US stocks all ended slightly lower. The Nasdaq fell 0.23% and rose 2.38% this week; the Dow fell 0.22% and rose 0.29% this week; the S & P 500 index fell 0.11% and rose 1.32% this week. Most of the large technology stocks fell, Google and Netflix fell more than 1%, Tesla, Nvidia, Microsoft, Amazon, Meta rose slightly; Intel and Apple rose more than 1%. Game Station fell more than 39%, the largest decline in three years. The company's Q1 revenue was $882 million, less t...
According to Glassnode data, bitcoin mining difficulty will drop by the most since the FTX crash, due to a significant 10% drop in network hash rate, mining difficulty will be reduced by 4%. According to early market signals and forecasts in March, this adjustment may redefine the balance between miner profitability and operating costs. Combined with the recent high transaction fees following the launch of Runes, financial dynamics are changing.