Coin Prices Today, January 17: Bitcoin Recovers Above $43,000 as Stocks Plunge
👈👈👈U.S. Stocks
The Dow Jones Industrial Average fell on Tuesday as Treasury yields rose and Wall Street digested the latest quarterly earnings reports. The Dow closed down 231.86 points, or 0.62%, at 37,361.12. The S&P 500 lost 0.37% to 4,765.98 and the Nasdaq Composite slipped 0.19% to 14,944.35.
The market was closed on Monday for the Martin Luther King Jr. holiday.
Boeing shares fell 7.9% after Wells Fargo downgraded the stock amid ongoing troubles with its 737 Max 9 aircraft. Meanwhile, AMD shares surged 8.3% after an analyst’s bullish outlook on semiconductor demand. The chipmaker’s stock, which is trying to catch up to Nvidia in the artificial intelligence race, rose to a 52-week high. AMD is scheduled to report earnings on January 30.
Treasury yields rose more than 11 basis points to 4.064% after Federal Reserve Governor Christopher Waller said the central bank may slow the pace of monetary policy tightening more than expected by Wall Street......see more coin88.news
