#MarketNews
🛢At International Energy Week, bears outnumbered bulls 3-to-1 as oil traded near $75 a barrel amid uncertainty over 103 million b/d supply in a $2.5 trillion global market.
📉 An AI-driven selloff is hammering stocks across sectors as investors dump companies tied to or threatened by artificial intelligence, dragging the Nasdaq 100 down over 2%
💰 As Bitcoin nears $60,000, a drop toward the $58,000 200-week average could spark billions in leveraged liquidations.
💵 Shares of Coinbase Global Inc. surged nearly 20% on more than 2× average volume despite weak earnings, as dip buyers bet the crypto downturn was priced in and positioned for a rebound.
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Sharon Yuen
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#MarketNews
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