$BTC fell sharply after a record breaking attack on a major crypto exchange and is near its key support (a price area where buyers tend to step in against declines); the exchange paused withdrawals for a while and said it would cover all losses (Yahoo Finance, CoinDesk). A crypto exchange company missed revenue expectations and its shares fell (Yahoo Finance). A social media company gave a weak next quarter forecast and warned of falling search traffic, so its shares dropped (Yahoo Finance). A chip packaging company beat expectations, but shares slipped slightly on worries about rising capex (spending on machines and buildings) (Investing.com). A large chip company gave a weak outlook on soft PC demand and its shares fell sharply (CoinDesk, AP via CP24). A large e commerce and cloud company missed expectations on results and forecast, and worries about heavy spending pulled shares lower (Yahoo Finance). Natural gas is lower on rising production and milder weather (Business Recorder). Oil is higher on claims of Houthi attacks on Saudi energy sites, which have not been confirmed (HDFC Sky). Silver and gold are both lower, with investors likely cutting positions, though that is not a confirmed cause (ActionForex). The US 10 year yield (the return on government debt) fell as selling in technology shares pushed people toward safer […missing text between screenshots…] assets (Yahoo Finance). Nasdaq futures are down heavily and S&P 500 futures are down by less (AP via CP24). This is a market observation only, so base your trading decisions on your own research and risk tolerance.
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