Welcome to Markets Desk, here's where things stand heading into the close.
Semiconductor stocks took a serious hit today, with Arm Holdings falling nearly ten percent after Intel's latest guidance rattled confidence across the chip sector. When a heavyweight like Intel signals trouble, the damage spreads fast, and investors aren't waiting around to find out who else is exposed.
Turning to the broader tech picture, Friday's selloff on the Nasdaq is drawing uncomfortable comparisons to the dot-com collapse of two thousand. Analysts are pointing to stretched valuations, slowing earnings growth, and a market that may have priced in perfection for too long. Whether this is a correction or something more structural, the next few weeks will be telling.
And in crypto, a stunning new account of what may be the largest digital asset theft on record. Hackers moved in fast, spending just twenty minutes to make off with six point four billion dollars. The heist underscores what Binance's own founder had warned just days before — that no crypto wallet is fully safe, a sobering reminder as institutional money continues flowing into the space.
That's the tape. Markets Desk, signing off the floor.
