Market Update: U.S. Stocks Plunge as Tech Correction Deepens; NEM Leads Tepid Cr

[samnews]

U.S. stocks extended their slide on Monday, as technology companies entered their deepest correction since 2011. Crypto markets were mostly stable, though the likes of NEM and XRP outperformed.
Stock Selloff Resumes

All of Wall Street’s major opened the week in negative territory, with losses extending to most sectors. The large-cap S&P 500 Index fell 2% to 2,726.22, with ten of 11 primary sectors contributing to the declines. Technology shares were the hardest hit, falling 3.5% as a sector. A total of four sectors declined 2% or more.

https://cryptoupdate.ca/market-update-u-s-stocks-plunge-as-tech-correction-deepens-nem-leads-tepid-crypto-market-rally/

[1715072683]

1715072683

[1715072683]

1715072683

[1715072683]

1715072683

[1715072683]

1715072683

[1715072683]

1715072683

[1715072683]

1715072683

[xiaoY]

Technical amendments are just an excuse. In fact, there are serious problems in the economy, and a heavily overvalued economy will soon collapse. The dollar will depreciate significantly in the next 1-2 years. This will follow the sharp depreciation of each share. The extreme trade behavior of relying on coins to abuse many global resources is not in line with the development of the future world.