Market Overview - Page 318

Markets in Asia-Pacific declined Wednesday morning after shares on Wall Street tumbled overnight stateside. Mainland Chinese stocks dropped in morning trade, with the Shanghai composite slipping 1.48% while the Shenzhen component declined 2.638%. Hong Kong’s Hang Seng index shed 1.16%..

Tesla shares tumbled Tuesday, after Elon Musk’s electric vehicle maker was left out of the S&P 500 by the committee that decides on new additions to the index. Tesla shares were down more than 17.5% in afternoon trading. The stock.

Stocks fell sharply on Tuesday to start the week as technology shares were under pressure following their worst sell-off in more than five months last week. The Nasdaq Composite dropped 2.5% and the Dow Jones Industrial Average plunged 400 points,.

Today the American stock market returns to work after a long weekend. At the same time, the markets are returning to the trends that prevailed at the end of last week. Specifically, there is massive pressure on FAANG and Tesla.

CryptoCompare said crypto derivative volumes rose 54% to more than $710 billion in August in its monthly Exchange Review. That’s a new all-time high, with August’s figures now far exceeding the $602 billion monthly volumes reported in May.Spot markets also.

The cautious strengthening of the Dollar continues, and this is not yet a signal of a widespread exit from risk assets, but a sign that the Dollar is recovering from its 12% slump between March and early September. This marked.

Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin. Odunjo sources handsets and accessories from China and the United Arab.

U.S. West Texas Intermediate (WTI) crude futures fell $1.07, or nearly 3%, to $38.70 per barrel at 0635 GMT, playing catch-up with a drop in Brent prices overnight. Brent crude futures eased 15 cents, or 0.4%, to $41.86 a barrel,.

The world’s third-largest economy shrank an annualised 28.1% in April-June, more than a preliminary reading of a 27.8% contraction, revised gross domestic product (GDP) data showed on Tuesday, suffering its worst postwar contraction. The data will put the new prime.

Tech stocks are unequivocally in “bubble” territory, a chief investment officer told CNBC on Monday, but that’s not to say the recent “tech wreck” is going to continue in the short term. U.S. stocks closed lower for the second consecutive.

Futures on the Dow Jones Industrial Average gained 305 points. S&P 500 futures and Nasdaq-100 futures also traded in positive territory. Stocks just snapped a five-week winning streak after a big reversal in major technology stocks last week. Steep losses.

Bitcoin (BTC) hit fresh lows on Sep. 7 as renewed selling pressure saw the largest cryptocurrency return to the $9,800 range. Data from Coin360 and Cointelegraph Markets showed more trouble for BTC/USD on Monday, the pair hitting $9,880 — its.