๐จ BREAKING NEWS: US Tech Stocks Tumble Amid Crypto Selloff and Geopolitical Tensions ๐๐
The stock market has been rattled today as US tech giants take a significant hit, with the Nasdaq 100 dropping by 2.2%. A combination of a major selloff in the cryptocurrency market ๐ธ and rising tensions between the United States ๐บ๐ธ and Iran ๐ฎ๐ท is fueling investor anxiety and driving stocks lower.
Key Movers:
AMD ($AMD) sees a drastic fall of -17% โก, leading the charge in losses.
Palantir ($PLTR) plunges by -14% ๐, reflecting widespread concern.
Micron ($MU) drops -12% ๐, while Broadcom ($AVGO) and Nvidia ($NVDA) are also affected, with losses of -8% and -5%, respectively.
Other major players like Tesla ($TSLA), Intel ($INTC), and Meta ($META) are not immune, seeing declines ranging from -5% to -4% โ ๏ธ.
This sudden drop in tech stocks comes as investors digest the ongoing volatility in crypto markets ๐ฅ, which has been under pressure, alongside the geopolitical backdrop of escalating tensions in the Middle East ๐. With inflation concerns ๐ก and interest rates ๐ in focus, many fear this market shift could indicate broader economic challenges.
As the situation continues to unfold, the big question remainsโhow much more will tech stocks retreat before finding stability? ๐ค
Stay tuned for further updates. ๐ฑ
#TechStocks #CryptoSelloff #GeopoliticalTensions #StockMarketNews
