Stocks, Bitcoin and Other Assets Melt Down Again Worldwide

Stocks, Bitcoin and Other Assets Melt Down Again Worldwide

25 Mar Business

What might the Fed do now?

Stocks, cryptocurrencies, the dollar, oil — they’re all down sharply again on Monday on concerns that the U.S. economy is slowing faster than expected. It comes after a rough week for global markets.

That has reignited criticisms that the Fed is moving too slowly to cut rates as economic conditions look shakier.

Here’s the latest:

S&P 500 futures were down 3 percent on Monday. Mega-cap tech stocks, which have driven much of the market’s gains this past year, were especially bruised: Nvidia was down 11 percent premarket, while Apple was off 7.5 percent. (Adding to the jitters was Berkshire Hathaway again cutting its stake in Apple and Nvidia reportedly delaying shipments of its most advanced A.I. chip.)
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