Stock Market Update

[BRIEFING.COM] The S&P 500 (-1.6%), Nasdaq Composite (-2.6%), and DJIA (-0.7%) continue to move lower as losses across tech and other growth stocks widen.

Coinbase Global (COIN 150.13, -14.00, -8.53%) and Robinhood Markets (HOOD 81.53, -6.80, -7.70%) are the worst-performing components of the financials sector (-0.3%) as Bitcoin sinks below the $60,000 mark, reaching its lowest level since October 2024.

Additionally, CNBC reports that Strategy Inc (MSTR 118.00, -11.37, -8.79%) sold a small amount of its Bitcoin holdings, weighing on sentiment and causing liquidations that exacerbated the pressure.