📉 Tech Leads Market Selloff, Gold Hits New High, Crypto Rotation Intensifies
🔹 U.S. Markets: NASDAQ -3.07%, S&P 500 -2.24%, Dow -1.73%. Big tech plunged—Nvidia -6.87%, Apple -3.89%. Retail sales beat at +1.4% MoM, but volatility rose as yields stayed elevated.
🔹 Canada: TSX followed U.S. lower, dragged by tech and energy. Loonie held steady as oil gained on U.S.-Iran tensions.
🔹 Commodities: Gold hit a record $3,330/oz amid risk aversion. WTI crude +1.86% to $62.47. Trade war fears flared after U.S.-China mineral export headlines.
🔹 Europe & Asia: EU markets dropped on U.S. chip restrictions. China’s Q1 GDP surprised to the upside (+5.4%), but rare earth controls stoked caution.
🔹 Crypto: Bitcoin steady at $84K. Ethereum dropped below $1,600. Tron rose 2.3% on strong USDT flows. Chainlink nears $10 support as whales unload.