MicroStrategy (MSTR) has had a bruising week as a leverage flush sent Bitcoin (BTCUSD) tumbling to a multi-year low of $60,000, dragging the stock down with it. An alarming fourth-quarter net loss of $12.4 billion, driven by mark-to-market accounting on its massive digital hoard, spooked short-term traders in recent sessions. More News from Barchart At the time of writing, MicroStrategy stock is down more than 25% versus its year-to-date high. www.barchart.com MicroStrategy Stock Is Trading at a Disc ...

US stock futures turned lower on Thursday in an apparently fruitless search for a reprieve from a two-day tech sell-off as investors waited for Amazon earnings and assessed Alphabet's big AI spending plans and jobs data that signaled fresh weakness in the labor market. S&P 500 futures (ES=F) moved roughly 0.6% lower, while those on the Nasdaq 100 (NQ=F) shed 0.8%. Contracts on the Dow Jones Industrial Average futures (YM=F), which includes fewer tech names, edged about 0.3% lower. The market is in the m ...

Group 1: Market Trends - Wall Street experienced a tough day, particularly in the tech sector, with software companies facing significant declines due to new product threats [2] - Bitcoin fell below the critical level of 75,000, raising concerns about a potential crypto winter [30][31] Group 2: Netflix and Warner Brothers Discovery Deal - Netflix's co-CEO defended the company's multi-billion dollar acquisition of Warner Brothers Discovery in front of lawmakers, emphasizing the unique assets being acquired [3][4] - Antitrust concerns were raised regarding Netflix's growing market share, particularly in the streaming sector, with estimates suggesting that a combined Netflix and HBO would account for about 30% of paid streaming viewership [9][10] - The deal's approval may hinge on political factors, with Netflix offering a $5 billion breakup fee if antitrust authorities block the merger [15][17] Group 3: Software Sector Performance - The software sector has seen significant declines, with companies like Teldoc down 27% and HubSpot down nearly 40% year-to-date, while only a few, like Cisco and Zoom, showed positive performance [22][24] - In contrast, semiconductor stocks have performed better, with some smaller companies showing substantial gains, such as SanDisk up nearly 200% [24][26] Group 4: Snowflake's AI Developments - Snowflake announced a new AI-powered coding agent called Vortex Code, which is expected to dramatically increase productivity by automating various data-related tasks [34][35] - The company is collaborating with OpenAI, committing $200 million to leverage AI models, which is anticipated to unlock significant enterprise value [44][45] - Snowflake's approach emphasizes the importance of human judgment in conjunction with AI, aiming to enhance productivity while maintaining oversight [41][42] Group 5: Upcoming Earnings Reports - Major companies, including Alphabet, Uber, and Qualcomm, are set to report quarterly results, with particular attention on Alphabet's performance and its AI-driven tools [51][52] - The pharmaceutical sector is also in focus, with Eli Lilly and others reporting, as analysts monitor the impact of new weight loss treatments on margins [53]

Market Overview - US stock futures experienced a significant decline, with Nasdaq 100 futures dropping 1%, S&P 500 futures falling approximately 0.7%, and Dow Jones Industrial Average futures sliding 0.3% [1] - Precious metals, particularly gold and silver, faced intense selling pressure, with gold briefly falling by 10% and silver sinking over 15%, marking a 30% drop in its biggest single-day decline on record [2] Cryptocurrency Market - Bitcoin fell below the $80,000 mark for the first time since April, trading just below $77,000 per token [3] - The dollar strengthened against major currencies, particularly those linked to commodity prices, as a result of the decline in precious metals [3][10] Federal Reserve and Interest Rates - The nomination of Kevin Warsh to lead the Federal Reserve has raised speculation regarding future interest rate movements, with traders anticipating two rate cuts by the end of the year [4] Corporate Earnings and Economic Data - Over 100 S&P 500 companies are set to report earnings this week, including major firms like Amazon, Alphabet, Disney, Palantir, and Advanced Micro Devices [6] - The upcoming January jobs report is expected to show an addition of 65,000 jobs, with the unemployment rate projected to remain at 4.4% [6] Nvidia and AI Sector - Nvidia's stock fell nearly 2% after CEO Jensen Huang clarified that the proposed $100 billion investment in OpenAI was not a firm commitment [7] - The broader artificial intelligence trade is facing uncertainty, impacting investor sentiment towards Nvidia and other tech stocks [5] Individual Stock Movements - Estée Lauder's stock rose by 6% following a partnership announcement with SalonCentric for product distribution [8] - GameStop's stock continued to rise, driven by CEO Ryan Cohen's plans for expansion through acquisitions [9] - Newmont's stock fell over 3% as gold prices dropped below $5,000 [9]

US stocks dipped on Monday after a dramatic sell-off in gold and silver unnerved investors, with tech leading the way lower as AI trade worries swirled and Federal Reserve uncertainty deepened. The Nasdaq Composite (^IXIC) dropped 0.2%, while the S&P 500 (^GSPC) fell about 0.1%. The Dow Jones Industrial Average (^DJI), which includes fewer tech names, hovered just below the flat line. All three indexes pared steeper overnight losses that followed a sharp reversal on Wall Street on Friday. Wall Street is ...

The world’s largest cryptocurrency has tanked to its lowest price since April. Bitcoin is down nearly 2% over the past 24 hours and hit a low of nearly $81,000 late Thursday night—underneath its last floor of $82,175 in November. On Friday, the token posted a modest rebound and now trades at around $82,290, according to data from Binance. Bitcoin’s freefall has spread to other cryptocurrencies, including Ethereum, which is down 4% over the past 24 hours to now about $2,660. Meanwhile, this week has seen a ...

Core Viewpoint - Bitcoin's price has decreased nearly 5% this week, dropping below $91,000, as geopolitical tensions and the "Sell America" trade emerge, leading analysts to predict a potential decline to $75,000 or lower [1][2]. Group 1: Market Dynamics - The overall cryptocurrency market, valued at $3.2 trillion, has seen a 2.2% drop, indicating a broader market selloff [1]. - The US dollar weakened, with the euro gaining 0.4% against it, suggesting a shift in investor sentiment towards cryptocurrencies as part of the "Sell America" trade [3]. - Gold reached a new high of $4,725 per ounce, reinforcing its status as a safe haven asset amid rising geopolitical tensions [3]. Group 2: Geopolitical Risks - Rising tensions between the US and Europe, particularly regarding Greenland, could lead to increased market volatility, which is not currently reflected in spot prices [2]. - European leaders have condemned the US administration's actions, warning that tariffs could damage transatlantic relations and provoke retaliation [4]. Group 3: Trader Sentiment and Predictions - Derivatives data indicates traders expect Bitcoin's price to drop 17% to $75,000 by June, with a mildly bearish outlook prevailing [5]. - Despite the bearish sentiment, some analysts suggest that improving macroeconomic conditions could positively influence the cryptocurrency market [6]. - Bitcoin is viewed as a "safe-haven" asset due to its decentralized nature, acting as a hedge against market volatility [7].

JUST IN: Bitcoin falls under $86,000 https://t.co/ACLAVlbYiR ...

Market Overview - U.S. stocks experienced a decline after last week's rally, with the S&P 500 falling 0.5%, the Dow Jones Industrial Average dropping 427 points (0.9%), and the Nasdaq composite decreasing by 0.4% [1] - The recent rally was driven by optimism regarding a potential interest rate cut by the Federal Reserve, with traders estimating an 85% chance of a cut at the next meeting [2] Bond Market - Yields for longer-term Treasurys rose, influenced by a global increase in yields following comments from the Bank of Japan about a possible interest rate hike [3] - Higher bond yields can divert investment away from stocks and cryptocurrencies, negatively impacting prices of expensive investments [3] Cryptocurrency Market - Bitcoin's price fell to approximately $85,500, a decline of about 6% from the previous day, which negatively affected stocks in the crypto sector [4] - Companies like Coinbase Global and Robinhood Markets saw declines of 4.8% and 4.1%, respectively, due to the drop in Bitcoin's value [4] Company-Specific News - Strategy, formerly known as MicroStrategy, reported a 3.3% loss after selling stock and raising $1.44 billion in U.S. dollars to cover dividends and debt interest [5] - Synopsys shares rose by 4.9% following Nvidia's announcement of a $2 billion investment in the company as part of an expanded partnership [6] Retail Sector - The market had mixed reactions to the holiday shopping season, with consumer spending during Black Friday and Cyber Monday expected to exceed expectations [7] - Williams-Sonoma's stock increased by 1.3%, while Best Buy's stock fell by 2.6% [7] International Markets - In international markets, indexes showed mixed results, with France's CAC 40 declining by 0.3%, partly due to a 5.8% loss for Airbus following a software glitch affecting its A320 passenger jets [8]

JUST IN: Bitcoin falls under $86,000. ...