The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals. Read more
Tag: selloff
U.S. stock futures steady after sell-off as crucial inflation data looms
U.S. stock futures steadied Thursday following the latest sell-off as traders paused for breath ahead of crucial inflation data. How are stock-index futures trading S&P 500 futures ES00, +0.15% rose Read more
Tesla’s stock selloff intensifies, on track for lowest close in nearly 2 years
Tesla Inc. shares were poised to end at their lowest in nearly two years on Wednesday, following news that Chief Executive Elon Musk sold about $3.95 billion worth of shares Read more
Dow logs 5th straight winning session as tech selloff sinks S&P 500, Nasdaq
Stocks ended mostly lower Thursday as tech shares suffered a further selloff after disappointing results from Meta Platforms Inc. META, -24.56%, though the Dow Jones Industrial Average notched its fifth Read more
Microsoft stock selloff acts as 128-point drag on the Dow’s price
Microsoft Corp.’s stock MSFT, -7.62% took a 7.7% dive in morning trading Wednesday, toward the biggest one-day decline in 2 1/2 years, after the software behemoth provided a disappointing second-quarter Read more
Stock-market selloff may mean another 20% drop for S&P 500, says Wall Street veteran
“‘I generally believe that rates are going to continue to go higher and inflation is not going to come down as much as expected.’” — Thomas Peterffy, chairman and founder Read more
Opinion: Stocks are rallying now, but the 9 painful stages of this bear market are not even halfway done
The official definition of a bear market is a 20% or greater decline from an index’s previous high. Accordingly, the three major U.S. stock-market benchmarks — the Nasdaq COMP, +0.80%, Read more
Opinion: Stocks are rallying now, but the 9 painful stages of this bear market are not even halfway done
The official definition of a bear market is a 20% or greater decline from an index’s previous high. Accordingly, the three major U.S. stock-market benchmarks — the Nasdaq COMP, +0.84%, Read more
Dow climbs nearly 600 points as stocks open sharply higher after Friday’s punishing selloff
U.S. stocks opened sharply higher on Monday, with the Dow Jones Industrial Average advancing nearly 600 points, as stocks rebounded following Friday’s punishing selloff. The S&P 500 SPX, +2.93% climbed Read more
Utilities slump into bear market as defensive sector suffers steep selloff
The utilities sector tumbled into a bear market Wednesday, extending a historically steep selloff for stocks traditionally seen as a defensive haven. The S&P 500 utilities sector traded at a Read more