Coin Prices Today, January 17: Bitcoin Recovers Above $43,000 as Stocks Plunge
đđđU.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 analystâs bullish outlook on semiconductor demand. The chipmakerâs 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