Overview
- Wall Street fell Monday with the Dow down 1.18%, the S&P 500 off 0.92% and the Nasdaq lower by 0.84% as the VIX jumped about 13%.
- Bitcoin sank to roughly $92,000 and briefly slipped below $90,000 on Tuesday, erasing 2025 gains, alongside over $1.1 billion in weekly outflows from U.S. spot ETFs and about $725 million in one-day crypto liquidations.
- CME FedWatch now assigns a higher probability to the Federal Reserve holding rates in December, reinforcing risk-off positioning into the week’s events.
- European stocks opened lower, with Spain’s Ibex 35 down about 1.3%, and U.S. futures pointed to further weakness ahead of Nvidia’s results and the long-delayed U.S. September jobs report due this week.
- Alphabet rose about 3% after Berkshire Hathaway disclosed a multibillion-dollar stake, while Nvidia slipped roughly 1.8% and AI hardware names like Dell and Hewlett Packard Enterprise fell after analyst downgrades.