Tech Stocks and Crypto Crash Against a Perfect Storm as ‘Bloody Friday’ Sell-Off Shocks Markets
7 Articles
7 Articles
Tech stocks and crypto crash against a perfect storm as ‘Bloody Friday’ sell-off shocks markets
Traders are running scared this Halloween weekend as a combustible mix of market forces have sparked a sell-off in major technology stocks and cryptocurrencies. Weak earnings reports from AI hyperscalers including Amazon and Google, along with a historic hack on crypto exchange Binance, have left investors in high-growth assets feeling like they have nowhere to turn. As of this writing, the tech-heavy Nasdaq Composite was down 3.3% on Friday, i…
AI Sell-Off Spreads Beyond Tech as Credit Risks Rise — Is a Deeper Market Correction Building? - ActionForex
Friday's 2.86% Nasdaq plunge and an 8.24% semiconductor-ETF drop extended a two-week AI-driven selloff that's now reaching corporate credit assessments—S&P Global cut Meta's outlook to negative. With Gold, Silver and Bitcoin all falling alongside tech even as Treasury yields drop, Nasdaq's 25,036.33, S&P 500's 7,507.77 and the 10-year yield's 4.815% are the critical tests for whether this becomes a broader correction.
US stocks plunged, with the Nasdaq falling 2.8% and the Dow Jones dropping 650 points.
Nasdaq Composite Plunges 2.9%: Why Is the Tech Sell-Off Deepening, and What Comes Next?
The post Nasdaq Composite Plunges 2.9%: Why Is the Tech Sell-Off Deepening, and What Comes Next? appeared first on Coinpedia Fintech News The technology rally that powered Wall Street for much of 2026 is facing a serious test. The Nasdaq Composite fell 2.86% on Friday, extending its October decline as investors reassessed the costs and potential returns of the artificial intelligence boom. The pressure has spread from mega-cap technology compani…
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