Stocks Retreat Amid Rate Cut Concerns; Bitcoin Hits Record High
As the Nasdaq leads a broader market decline, Bitcoin's surge to new heights contrasts with tech giants' struggles.
- US stocks retreated further from record highs amid concerns over interest rate cuts and tech stock performance, with the Nasdaq leading the decline.
- Bitcoin reached a new all-time high, briefly surpassing its previous record, amid US regulators' approval of spot bitcoin ETFs.
- Gold futures hit new highs, driven by expectations of Federal Reserve rate cuts and ongoing geopolitical tensions.
- Apple and Tesla stocks fell sharply, with Apple's sales in China dropping and Tesla facing a shipment slump and a Chinese price war.
- The upcoming testimony of Fed Chair Jerome Powell to Congress is highly anticipated for potential shifts in monetary policy.
Associated Press 
CNN 
New York Post 
Investopedia 
Markets Insider Investopedia 
CNBC 
Reuters Markets Insider 
The Telegraph 
Financial Post Associated Press 
Benzinga CNBC 
CNA Benzinga 
South China Morning Post Financial Post CNBC Investopedia Associated Press Markets Insider Markets Insider Investopedia 
UPI 
Investor's Business Daily Markets Insider 
Wccftech CNBC CNBC Investopedia Investopedia CNBC Markets Insider CNA Reuters 
Breitbart Benzinga Benzinga Financial Post Associated Press CNN CNBC CNA Financial Post Investopedia Reuters CNA Investor's Business Daily CNA Financial Post CNBC Financial Post Financial Post Financial Post CNA 