Crypto market collapse pulls Stock indices Down
U.S. stock indexes fell as disappointing earnings and renewed selling of cryptocurrencies put pressure on risk sentiment ahead of a key inflation report. The dollar rose for the first time in four days.
What’s happening in the stock market
The S&P 500 paused its three-day rally, and the high-tech Nasdaq 100 is leading among major benchmarks. Walt Disney Co. and News Corp. fell after posting results that fell short of expectations, while bitcoin fell to its lowest since November 2020 amid a deepening sell-off in cryptocurrencies.
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