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<US>DJIA Finishes Down 592 Pts; Nasdaq Sags 1.6%; Crypto Stocks Plunge
Recommend 9 Positive 6 Negative 11 |
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US bourse opened lower and trended lower on Thursday amid intensified risk-off sentiment and persistent sell-off pressure on techs. The DJIA slid further, ending down 592 points or 1.2% at 48,908. The Nasdaq closed down 363 points or 1.6% at 22,540. The S&P 500 settled down 84 points or 1.2% at 6,798. Blockbuster techs remained meager, with Microsoft (MSFT.US) tumbling 5%. Amazon (AMZN.US), which reported earnings after the market close, nosedived 4.4%. Tesla (TSLA.US) declined 2.2%. Nvidia (NVDA.US) lost 1.3%. Apple (AAPL.US) edged down 0.2%. Alphabet (GOOG.US) logged a 30% profit hike last quarter, exceeding expectations, with capex expected to double this year. The stock initially slipped 8%, and ultimately closed down only 0.6%. Qualcomm (QCOM.US) beat expectations in its last fiscal quarter results, but its guidance was disappointing, leading to an 8.5% plunge in its stock price. Bitcoin plummeted further, cascading over 15% to bottom at USD62,300. Cryptocurrency stocks followed suit, with major Bitcoin holder Strategy (MSTR.US) plummeting 17% and Coinbase (COIN.US) also slumping 13%. AASTOCKS Financial News Website: www.aastocks.com |
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