The three major U.S. stock indexes all closed higher, with the Dow Jones Industrial Average up 2.21%and the Nasdaq up 3.33%the S&P 500 up 2.32%。AMD up 13.61%, while Tesla was up 6.01%。
According to PANews, citing BeInCrypto, Ondo Finance has launched MAG7Xon a tokenized index that packages Magnificent Seven stocks together with BlackRock’s IBIT、ETHA into a single asset and deploys it on Ethereum,BN Chain, and Solana.
The U.S. technology sector declined last week due to disappointing earnings reports from several companies, with the Nasdaq October falling more than 5.3%. This week, earnings reports from more technology giants, the U.S. midterm elections, and the nonfarm report could amplify market volatility.
PANews cited Seeking Alpha as saying that the sell-off in technology stocks dragged the three major U.S. stock indexes lower for the week, with Intel, Alphabet, ServiceNow, and AMD posting significant declines. The Federal Reserve kept the interest-rate range unchanged.
The article says that Big Tech earnings reports are repeatedly falling short, and the market logic of relying on profits to support tech stocks is beginning to weaken.
BlockBeats said that gold, silver, and U.S. technology stocks declined this week, and the market refocused on the possibility of Federal Reserve December rate hikes. The report also said that Middle East supply risks supported oil prices, and AI capital expenditure and financing pressures drew attention.
BlockBeats cited BIT stock platform data as saying that Apple's market capitalization at Friday's close was 5030000000000 USD, surpassing Nvidia's 4930000000000 USD, and returning to the position of the world's most valuable publicly listed company.
PANews reported that Meta, Alphabet and Intel shares fell on Friday after Alphabet's advertising revenue came in below expectations and Intel encountered problems in its data-center components supply chain. The report stated that share prices had fallen below the purchase prices of some investors who recently subscribed to additional share offerings.
TradingBeats monitoring shows that Loracle-related 8 accounts today newly opened and increased approximately 48380000 USD in short positions, while increasing long positions in BTC and XMR. The accounts' aggregate notional value of long and short positions was close to 150000000 USD, with an unrealized loss of approximately 10000000 USD。
October 30, the major U.S. stock index futures continued to decline, with Nasdaq futures down 2%, and S&P 500 index futures down 1%. Amazon and Intel fell 7.7%and 23%。
According to BIT stock platform data, all major U.S. stock indexes closed lower, with Google down 12.34%。Coinbase, while most crypto-related stocks, including MicroStrategy and Circle, declined.