A washout in the stocks of software companies has been flowing through Wall Street this week, as investors realized that the threat of artificial intelligence displacing businesses had arrived. While the prospect of AI disruptions has hung over the economy for years, a new set of tools released this week by a San Francisco startup [...]The post The Dark Side of AI Weighs on the Stock Market appeared first on GV Wire.
You can always count on the big, round numbers.We've seen it before in bitcoin where it's all about the numbers with lots of zeros behind them. That was the case again today as bitcoin reached a low of $60,017 before embarking on an impressive rebound to $69,000, or 15%.The round numbers seem to work particularly well in bitcoin as there are few fundamentals to trade on. So instead, buyers look to hold levels and obvious numbers.For those who caught the bottom, it has been a nice return in less than a day but in perspective, bitcoin is down badly over the past four months.The good news is that the rally in bitcoin is coming with a bounce in stock markets. The bad news is that the Nasdaq is underperforming the bounce as it rises 0.7% compared to the 1% gain in the S&P 500 and 2.5% gain in the Russell 2000.Several of the Mag7 names continue to struggle including:AMZN -7.9%GOOG -3.0%META -2.4%All are among the worst performers in the major indexes today. On the flip side, Nvidia has surged 6.3% after days of selling. I'd argue that in 2024 and early 2025, its performance was most-closely correlated with bitcoin and crypto in general. That correlation broke more recently but it's not completely disconnected.As for crypto, there are the usual rumors of liquidation and that's likely to have been the case given the magnitude of the moves and the leverage often employed. To retrace yesterday's move, it would need to get back above $73K and that's a tall order. However if the bulls can muster it, that would be a very impressive reversal.We will watch closely into Friday's finish and through the weekend. This article was written by Adam Button at investinglive.com.
Robinhood Markets Inc (NASDAQ:HOOD) shares are surging Friday morning, driven by volatility in the broader crypto market. The surge follows a dip near the $60,000-level for Bitcoin (CRYPTO: BTC) late Thursday, before rebounding to the $68,000-level Friday.Here’s what investors need to...
Bitcoin has extended its recent decline, posting fresh losses after a turbulent week for the world’s most widely...The post Bitcoin falls again after week of heavy losses appeared first on Tribune Online.
Despite News Corporation's underperformance relative to the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.
Strategy Inc. (NASDAQ:MSTR) shares are trading higher Friday after the company reported better-than-expected fourth quarter financial results on Thursday after the market closed.Strategy shares are climbing with conviction. Why is MSTR stock surging?Quarterly Results, Bitcoin Holdings And...
Beijing has broadened its crypto ban to include RWA tokenization and unapproved offshore yuan-linked stablecoin issuance.
By STAN CHOE, Associated Press Business WriterNEW YORK (AP) — Wall Street is bouncing back from big losses taken earlier in the week, as technology stocks recover some of their losses on Friday and bitcoin halts its plunge, at least for now.Related Articles How to start saving — even if...
Are we about to see the next crypto that turns small money into something much bigger? The market is starting to heat up again, and investors are actively hunting for the best moonshot crypto that could deliver outsized returns in
Bitcoin’s correlation is shifting from Nasdaq to software stocks.
Market Analysis by covering: Chevron Corp, Amazon.com Inc, Crude Oil WTI Futures, Natural Gas Futures. Read 's Market Analysis on Investing.com