Tech and Crypto Markets Take a Tumble: What's Going On?

Tech and Crypto Lead the Way Down

Investors Nervous After Earnings Reports

• Tech Stocks: Big drops, especially in AI-linked companies.
• Robinhood: Fell nearly 10% despite better-than-expected earnings.
• Palantir and AMD: Also took a hit.

Crypto Market:

• Bitcoin: Dipped below $101,000.
• Ethereum: Dropped 4%.

Major U.S. Stock Indexes:

• S&P 500: Down 1%.
• Nasdaq 100: Down 1.8%.
• Dow Jones: Down 0.9%.

Energy Sector: Only sector that didn't lose ground.

Federal Reserve:

• Officials poured cold water on hopes for interest rate cuts.
• Investors became even more cautious.