Tesla, Intel And More Lead Tech Selloff As Stocks Decline—Bitcoin Slips To Six-Month Low

Market Overview - Major U.S. stock indexes experienced significant declines, with the Dow Jones Industrial Average dropping approximately 550 points (1.1%), the S&P 500 declining 0.3%, and the Nasdaq erasing 1.1% as trading opened on Friday [1] - This follows a previous day where the indexes recorded their largest single-day losses since October, with declines of 1.6% for both the Dow and S&P 500, and 2.2% for the Nasdaq [1] Technology Sector Performance - Tesla shares fell to around $392, down 2.4%, contributing to losses in the tech-heavy Nasdaq, alongside declines from Intel (2.9%), AMD (3%), Alphabet (1.5%), Palantir (1.2%), Nvidia (0.4%), and Broadcom (1.2%) [2] - Other major semiconductor stocks faced a premarket selloff, with AMD, Broadcom, Qualcomm, and Intel dropping 2.39%, 1.12%, 1.43%, and 2.51% respectively [3] - Megacap stocks such as Meta, Amazon, and Microsoft also saw declines of 1.5%, 1%, and 0.3% respectively [3] Cryptocurrency Market - The cryptocurrency market faced a significant selloff, with Bitcoin dropping below $96,000 for the first time in six months, down more than 6.3% over the past 24 hours, reaching around $96,466 after earlier falling to as low as $94,592 [4] - Ether, the second-largest cryptocurrency, dropped to $3,130, down more than 10.3% over the past 24 hours [4] - Other major cryptocurrencies, including XRP, Solana's SOL, and Binance's BNB, experienced declines of 8.8%, 10.5%, and 6.2% respectively [4] - Crypto-linked stocks also declined, with MicroStrategy down 3.9% and Coinbase down 1.3% [4]