Cryptocurrency Live News & Updates : Dow Jones Declines, Tesla Stock Plummets Post Earnings
Tesla's stock fell 9% following disappointing earnings, impacting market sentiment, while Alphabet and IBM reported positive results, leaving U.S. markets mixed. In the latest market developments, Tesla's disappointing earnings led to a significant 9% drop in its stock, negatively affecting investor sentiment. This decline contributed to a 200-point drop in the Dow Jones, despite positive earnings from Alphabet and IBM, which helped the Nasdaq and S&P 500 to rise slightly. Meanwhile, Stellar Lumens (XLM) experienced a sharp decline of over 20%, but signs of increased on-chain activity and stablecoin adoption suggest a potential rebound. Gala (GALA) is at a critical juncture, with its price action testing a key support level that could determine its next move. Additionally, Tether is preparing for future USDT issuance on the Ethereum network, indicating ongoing developments in the stablecoin sector. Lastly, OPTO Miner has launched a mobile platform for cloud-based crypto mining, aiming to simplify access to cryptocurrency mining while promoting sustainability through clean energy. These updates reflect the dynamic nature of the cryptocurrency market, with both challenges and opportunities emerging for investors. Show more
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Economic Times
an hour ago
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The KBW Nasdaq Bank Index has climbed more than 7% over the past month, while shares of GE energy spinoff GE Vernova and advertising tech firm Trade Desk rose more than 20% in the same period. The number of stocks in the benchmark S&P 500 closing above their 50-day moving average is hovering at levels last seen in the fall, before the postelection 'Trump bump" in share prices. Analysts typically consider that kind of improving breadth a sign of a sustainable bull market. Yet stock valuations are stretched. The equity risk premium, defined as the gap between the S&P 500's projected earnings yield and the yield on 10-year Treasurys, is close to zero. That means that the extra return for owning stocks over lower-risk bonds has nearly vanished, which investors consider an unhealthy sign. Despite initial concerns that tariffs could kick-start inflation and drag on growth, the U.S. economy has kept chugging along. 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