NASDAQ

The Nasdaq gives up 4.3 percent and the S&P 500 sinks to a new low for 2022 amid a gamut of economic tensions.

(Amazon founder Jeff Bezos owns The Washington Post.) Facebook, meanwhile, is down 40 percent and has instituted a hiring freeze, which is viewed as a type of layoff in Silicon Valley. West Texas Intermediate crude, the U.S. benchmark, fell 6.8 percent to trade around $102.30 per barrel. If the economy cools too quickly, it could fall into a recession, which is generally defined as two consecutive quarters of decline. Amazon tumbled 5 percent Monday and is down more than 35 percent on the year. Brent crude, the international oil benchmark, edged 6.5 percent lower to trade around $105 per barrel. Cboe’s VIX, known as “Wall Street’s fear gauge,” is up nearly 99.5 percent year-to-date, according to MarketWatch. Tech companies saw sales swell early in the coronavirus pandemic as consumers reached for products and services that could keep them connected while they isolated at home. Technology companies led a broad market rally shortly after the pandemic began more than two years ago, but there has been a stark reversal in recent months. At 3.6 percent, the unemployment rate remains very low, but growth has slowed markedly and the economy actually contracted in the first three months of 2022. Software company Palantir and electric-vehicle maker Rivian each lost more than 20 percent on the day. After a temporary Federal Reserve-induced boost last week carried it above $40,000, bitcoin was trading down nearly 9 percent Monday at $31,512. But now, as investors react to the prospect of a sluggish economy, big-name companies are also paying a price for high inflation and the possibility of a recession.

Cryptocurrency losses steepened over the weekend. Crypto trades 24 hours a day, including weekends. “Bitcoin has followed the lead of the equity market, ...

"But other inflation metrics are starting to slow down and the April CPI could follow suit, which in turn will likely alleviate the market's concern and help recover its risk sentiment." Bitcoin needs to maintain the key psychological level of $33,000 to prevent further deterioration of technical sentiment, Hasegawa added. Losses steepened over the weekend. Key U.S. inflation data for the month of April, due to be released Wednesday, could be a temporary "turning point" for bitcoin, according to Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank. Crypto trades 24 hours a day, including weekends. "Bitcoin has followed the lead of the equity market, extending lower after a weak April," said Katie Stockton, founder of Fairlead Strategies. "Short-term momentum has deteriorated … and bitcoin is no longer oversold from a short-term perspective."

The S&P 500 index fell to its lowest since April 2021 on Monday as higher U.S. Treasury yields hit growth stocks amid prospects of aggressive policy ...

Register now for FREE unlimited access to Reuters.com The energy (.SPNY) sector tumbled 6% on the back of a 2% drop in oil prices, as weak China data and a tighter COVID-19 lockdown in Shanghai deepened fears of a potential global slowdown. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com All of the 11 major S&P sectors declined.

The energy sector tumbled 3.4% as oil prices fell more than 2%, sparked by weak China data and a tighter COVID-19 lockdown in Shanghai that deepened fears ...

"The market is focused on long-term interest rates. The energy sector tumbled 3.4% as oil prices fell more than 2%, sparked by weak China data and a tighter COVID-19 lockdown in Shanghai that deepened fears that the global economy is headed for a slowdown. Declining issues outnumbered advancers for a 5.92-to-1 ratio on the NYSE and a 4.82-to-1 ratio on the Nasdaq. The first-quarter earnings season is in its final stretch, and of the 434 S&P 500 companies that have reported results as of Friday, 79% have topped analysts' estimates, according to Refinitiv. The energy sector tumbled 3.4% as oil prices fell more than 2%, sparked by weak China data and a tighter COVID-19 lockdown in Shanghai that deepened fears that the global economy is headed for a slowdown The S&P index recorded one new 52-week high and 53 new lows, while the Nasdaq recorded seven new highs and 685 new lows. The S&P 500 growth index has dropped nearly 22.8% so far this year, compared to a 13.5% fall in the benchmark index . Technology-focused growth stocks have faced the brunt of the sell-off this year as their returns and valuations are discounted more deeply when yields rise. Investors will keep a close eye on the U.S. inflation data for April for clues on whether the price pressures are reaching a peak. The tech-heavy Nasdaq dropped 3.4%, while the benchmark S&P 500 index hit its lowest level in a year as megacap stocks Microsoft Corp, Amazon.com, Apple Inc, Google-owner Alphabet Inc, Meta Platforms and Tesla Inc fell between 2.3% and 3.2%. After a 50 basis points increase in interest rates this month by the U.S. central bank, many traders expect it to raise it by another 75 basis points at its June meeting. U.S. stocks slid on Monday as higher U.S. Treasury yields hit growth stocks amid prospects of aggressive monetary policy tightening, with investor sentiment taking a hit from fears of a sharp economic slowdown in China.

Stocks are slipping after a massive selloff last week. Bitcoin sunk below $31000 on Monday. Rivian's stock fell by more than 20%

Share your thoughts and experiences with USA TODAY for possible inclusion in future coverage. The yield on the 10-year Treasury has shot to its highest level since 2018 as inflation and expectations for Fed action rose. The Nasdaq composite’s loss of roughly 25% for 2022 so far is much sharper than that for other indexes. The risk is the Fed could cause a recession if it moves too far or too quickly. Many tech-oriented companies saw profits boom through the pandemic as people looked for new ways to work and entertain themselves while locked down at home. Companies overall are reporting bigger profits for the latest quarter than expected, as is usually the case. The central bank has already pulled its key short-term interest rate off its record low of zero, where it sat for nearly all the pandemic. Share your thoughts with USA TODAY on the form below or click here.) Tech earnings are also lagging, she said. Stocks fell across Europe and much of Asia, as did everything from old-economy crude oil to new-economy bitcoin. But discouraging signs for future growth have been plentiful. Share your thoughts with USA TODAY on the form below or click here.)

That's the biggest three-day drop for the index since September 2020, according to data compiled by Bloomberg. Money Pit. Tech stocks lose over $1 trillion in ...

The Dow Jones Industrial Average and Nasdaq composite closed lower on Monday after a massive sell-off hit the stock market last week following the Federal ...

The Innovator IBD 50 ETF ( FFTY), a benchmark for growth stocks, fell 6.3%. It's certainly been an unforgiving market for growth stocks. Shares have been forming a cup-with-handle base since the start of 2022. The stock's RS line is skyrocketing to new highs amid Monday's market sell-off. Shares remained right at the buy point in afternoon trading. On Monday, the 10-year Treasury yield traded at around 3.08%. Meanwhile, crude oil plummeted, causing a sell-off in energy stocks. The buy zone tops out at 15.61. The Dow Jones Industrial Average and Nasdaq composite closed lower on Monday after a massive sell-off hit the stock market last week following the Federal Reserve's rate-hiking announcement. Chinese exports rose 3.9% from a year earlier in April, a big drop-off from 14.7% growth a month earlier. The Nasdaq sank 4.3% after being down over 1.5% last week. A half-point fed funds rate increase on Wednesday, followed by comments from Fed Chairman Jerome Powell, led stocks initially higher last week. The slide came as the price of U.S. crude oil fell more than 6% to $102.70 per barrel. the same time on Friday. This is very much a bearish indicator as it shows institutional distribution.

Nasdaq is incorporating AWS Outposts directly into its core network to deliver ultra-low-latency edge compute capabilities from its primary data center in the ...

In addition, the partnership will include opportunities to explore using AWS’s cloud capabilities across Nasdaq’s anti-financial crime, data and analytics, and market infrastructure software solutions. These edge devices, deployed directly at Nasdaq’s primary data center in Carteret, New Jersey, are the next step in Nasdaq’s cloud journey with AWS.” Nasdaq has been using the AWS cloud for more than a decade to power several services and offerings.