The Nasdaq continued to lead the losses as investors moved away from high-flying tech stocks, shedding 3.3 percent in morning trading. April was the worst month for the index since 2008 as jitters sent investors running for cover. The trend carried over into May: Amazon, Apple, Meta, Apple and Lyft all slid 2 percent. Microsoft declined 3 percent and Tesla was down 5 percent.
Cryptocurrencies, whose movements have paralleled the Nasdaq in recent months, continued to slide. After a temporary Fed-induced boost last week carried it above $40,000, Bitcoin was trading down more than 5 percent Monday at $32,760. Ethereum, another popular cryptocurrency, was also down more than 6 percent at $2,386.
Investors seem to be lacking in confidence that the central bank walk the line of reining in inflation without triggering a recession. Cboe’s VIX, known as “Wall Street’s fear gauge,” is up more than 98 percent year-to-date according to MarketWatch.“You have to look pretty hard for positive catalysts in the current market environment,” Brian Price, head of investment management at Commonwealth Financial Network, said Monday in comments emailed to The Post.
Source: News Formal (newsformal.com)
6
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Futures Fall as Wall Street Looks to Stabilize After Rollercoaster WeekThe stock market is coming off a wild week of trading. How does one stabilize after a $6 trillion injection to hide that it crashed 2 years ago.. and was going to even without the pandemic with interest rates climbing? Spoiler You can't China is the new overlord now..
Source: nbcchicago - 🏆 545. / 51 Read more »
Woman arrested in connection to 12th Street and Maryland Avenue apartment fireA woman has been arrested in connection to an apartment fire near 12th Street and Maryland Avenue. abc15 Not a bad looking broad, and crazy! Thats nice, nice. Keep her locked up through the end of fire season...just in case she doesn't have it completely out of her system yet. Man billy didn't get deep enough to satisfy this lady. Shed be content with life of I di kd her down. 🤷
Source: abc15 - 🏆 263. / 63 Read more »
Power lines knocked down on Broad Street after suspect crashes during high-speed chaseA police chase in Mobile ended with a crash that knocked down power lines on Broad Street Sunday night.
Source: FOX10News - 🏆 581. / 51 Read more »
Woodland Hills man accused of harassing street vendor arrested after confrontation with protestersIn Woodland Hills, a march to support a local fruit vendor who had allegedly been harassed by a resident ended in an arrest Saturday. don’t drop the soap Keep supporting these fruit stand workers they'll be on every street corner unlicensed and who don't obey health and safety codes. He just arrived from Mexico? Oh he's here illegally right? Is he vaccinated for covid 19 working and selling food without a Vax.
Source: ABC7 - 🏆 67. / 68 Read more »
Person found dead near 24th Street BART plazaA young man named Aldrich Coloma was found dead early this morning at Osage Alley and 24th Street after the fire department received a 911 call around
Source: SFnewsnow - 🏆 237. / 63 Read more »
Child pulled from pool in near-drowning incident near 64th Street and Shea BoulevardA child is in critical condition after a near-drowning incident near 64th Street and Shea Boulevard Saturday morning. Same thing year after year...
Source: abc15 - 🏆 263. / 63 Read more »