Key Highlights: The S&P 500 and Nasdaq experienced an aggressive, relentless sell-off, failing to log a single positive one-hour candle despite five intraday bounce attempts. Market analysts at The Kobeissi Letter attributed the sharp drop to technical factors and record retail leverage following roughly $15 billion in October leveraged ETF inflows. The single-session loss of ...
Key Highlights: The Cboe Volatility Index (VIX) surged 21.5% to reach 19.99 on Friday, marking its steepest single-day gain since June 5. Equity markets declined as the S&P 500 fell 1.09%, weighed down by intensifying concerns surrounding artificial intelligence valuations and geopolitical headwinds. Bitcoin exhibited steady to choppy price action near $81,030.77 over the weekend, ...
Key Highlights: Higher-than-expected U.S. inflation data sparked a widespread market retreat, driving down the S&P 500 by 1.1% and the Nasdaq Composite by 1.9%. Artificial intelligence infrastructure and high-growth tech firms absorbed steep losses, with CoreWeave dropping 16%, Nebius sliding 11%, and Oracle declining 9%. Bitcoin mining companies reallocating energy infrastructure toward AI workloads now ...
Robinhood Markets (NASDAQ: HOOD) shares tumbled more than 6% on Tuesday as a broad-based selloff swept across U.S. equities, interrupting a recent rally that had lifted the stock above the $120 level. HOOD Underperforms Broader Market Decline The stock opened near $111.72 and slid to an intraday low of $105.86 before paring some losses. At ...