🚨🚨🚨Today’s market is characterized by a significant "risk-off" sentiment, driven by disappointing tech earnings and macroeconomic uncertainty.
Equity Markets
* US Markets: The S&P 500 and Nasdaq closed lower, primarily dragged down by Microsoft, which plunged 12%—wiping out over $400 billion in value—due to concerns over AI spending returns and a cloud growth slowdown.
* Global Sentiment: Markets are jittery over the Federal Reserve's future leadership and potential tariff impacts under the Trump administration. Indian indices (Nifty and Sensex) also traded lower ahead of their upcoming Union Budget.
Crypto Market
* Bitcoin (BTC): Slipped below $82,000, hitting a two-month low. The break below the $85,000 support level triggered over $1.7 billion in liquidations.
* Ethereum (ETH): Dropped roughly 7% to trade around $2,747.
* Altcoins: Most major assets like Solana and Dogecoin saw declines of 7–10%, though Hyperliquid bucked the trend with a weekly gain of over 35%.
Commodities & FX
* Gold & Silver: Experienced a sharp pullback as investors locked in profits following record highs ($120/oz for silver and over $5,500/oz for gold).
* US Dollar: Edged higher as a safe haven despite broader weekly weakness.
$SPDR S&P 500 ETF Trust(SPY)$
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