The latest bull market for US stocks was on the brink of expiring Thursday afternoon, with the benchmark S&P 500 holding just shy of the threshold that marks bear territory. The S&P 500 SPX, -0.13% was down 73 points, or 1.9%, at 3,860.88 in afternoon trade, after finishing Wednesday around 18% below its record close …
The S&P 500 is on the brink of a bear market. Here’s the threshold. Read More »
Treasury Secretary Janet Yellen said Thursday that the turbulence in the cryptocurrency market is not a hazard for the stability of the US financial system. Yellen noted that TerraUSD USTUSD, -57.88% had decoupled from its $1 peg in recent days and the world’s largest stablecoin, tether, briefly was under similar pressure. Other companies in the …
Yellen: Cryptocurrency market turbulence is not ‘real threat’ to US financial stability. Read More »
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Stocks swung between gains and losses Wednesday after fresh data showed inflation eased slightly in April but not as much as economists expected. The S&P 500 rose 0.7% in morning trading. The index snapped a three-day losing streak Tuesday, hitting pause on a stretch of pressure that came as investors braced for the Federal Reserve …
The cryptocurrency market has continued its slide from last week, mirroring the fall of the broader stock market. The world’s largest cryptocurrency, bitcoin, fell to $31,075.70 on Monday evening, a 10% drop from Sunday at 5 pm EDT, according to prices from CoinDesk. Bitcoin’s price has fallen 54% from its record high of $67,802 in …
One type of cryptocurrency, a so-called stablecoin, is meant to keep its value at $1. But on Monday, the third-biggest stablecoin, TerraUSD, fell as low as 94 cents, causing a flood of investors to sell their holdings. Stablecoins get their name from their being tied to the value of government-issued currencies, such as the dollar. …
Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff Read More »
US stock futures fell to start the week, indicating that major equity indexes could decline again following last week’s big swings. Futures for the S&P 500 declined 1.5%. Contracts tied to the technology-focused Nasdaq-100 fell 1.7% while those for the Dow Jones Industrial Average receded 1.2%. US government bonds sold off again, pushing the yield …
The decline of bitcoin, the world’s largest cryptocurrency, mirrored the slide of the overall stock market. Photo: Kin Cheung/Associated Press Updated May 8, 2022 9:19 am ET The cryptocurrency market fell over the weekend, mirroring the slide of the broader stock market. The world’s largest cryptocurrency, bitcoin, fell to $34,702.69 on Sunday morning, a 3.8% …
US stock futures edged down, putting major indexes on track to extend losses after one of Wall Street’s worst selloffs since the pandemic began. Futures tied to the Dow Jones Industrial Average shed 0.3%, a day after the blue-chip index slumped more than 1,000 points, its worst day since 2020. S&P 500 futures edged down …
US Stock Futures Point to Wall Street Extending Selloff Read More »
Cryptocurrency prices slide Thursday afternoon along with major stock market indexes. Bitcoin fell to $36,431.57 at 5 pm ET, down 8.4% from Wednesday, according to Dow Jones Market Data. Ethereum fell 6.4% to $2,754.37. Of the top 30 cryptocurrencies listed by CoinDesk, 29 were down on the day. Apart from a brief selloff in January, …
Bitcoin Slides Below $37,000 as Investors Unwind Risky Bets Read More »
