Yahoo Finance Market sell-off, tech takes hit, bitcoin falls: 3 Things
US stock futures (^DJI, ^IXIC, ^GSPC) are plummeting in Monday's pre-market trading, extending the tech-centric sell-off following last week's disappointing jobs data. As volatility (^VIX) soars in American markets, Japan's Nikkei 225 (^N225) has fallen by over 12%.
Shares of tech giants Nvidia (NVDA) and Apple (AAPL) are getting especially pummeled. Could now be the time to start buying the dip on Nvidia?
Lastly, bitcoin (BTC-USD) is dropping by as much as $11,000, hitting a six-month low.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Luke Carberry Mogan.
Video Transcript
So let's get to it with the three things that you need to know to start your trading day.
Yahoo finances, Jared Brians and Josh Shaver have more.
That's right.
Stock futures are in the red with the NASDAQ leading losses amid a global sell off.
Softer than expected.
Jobs report is exacerbating concerns over the health of the US economy US recession fears sparking the V volatility index to hit its highest level in four years.
Meanwhile, Japan's Nikkei is plunging.
You can see it down almost 12% there marking its worst day since the 1987 Black Monday crash on Wall Street.
Apple and video are leading the declines on the NASDAQ as the tech sell off spreads across Wall Street.
She has a market darling and video are being pounded in the free market down about 13%.
The draw down of the NASDAQ has sent the tech index into a correction leaving many investors wondering if it's time to sift through the carnage for buying opportunities and crypto isn't safe from the global sell off either the price of Bitcoin falling more than 15% this morning.
This marks the cryptocurrency's worst price decline since 2021 exchange platforms like Coinbase are taking a hit too.
That stock down more than 16% in free market trading, crypto miners also seeing double digit losses in the free market.
