Wall Street closes mixed as bond-yield shock lifts gold, oil and crypto while tech and chips lag
Executive summary: US stocks finished lower in a broad but uneven risk-off session, with the S&P 500, Nasdaq Composite, Dow Jones and Russell 2000 all in the red. The sharpest moves were outside equities, as Bitcoin and Ether surged, gold jumped, and WTI crude firmed. Tech and chip shares underperformed, while Tesla and Apple bucked the weakness. The move fits a market reacting to higher-for-longer rate pressure and a rotation toward hard assets and energy. [Continue Reading]
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Wall Street closes lower as megacap tech stumbles, energy and bitcoin rally on higher oil and bond-market stress
Executive summary: U.S. stocks finished lower, led by sharp losses in Meta, Amazon and Microsoft, while energy shares, crude oil and bitcoin advanced. The move came alongside a broader rise in market anxiety around bond yields and geopolitics, with defensive and commodity-linked assets outperforming growth-heavy tech. [Continue Reading]
