๐ Stocks Tumble as NASDAQ Drops 2%, Oil Falls, and Solana Slumps
๐น U.S. Stocks: NASDAQ -1.96%, S&P 500 enters correction territory (-10.18%), and Dow sinks 537 points, as tariff concerns and Fed hawkishness weigh on sentiment.
๐น Oil & Metals: WTI crude falls to $66.55 as supply forecasts outpace demand, while gold nears $3,000 and silver approaches a technical breakout at $33.40.
๐น Europe Struggles: Germanyโs economy remains stagnant, with ECB warning tariffs could trigger a recession, while France resists U.S. 200% duties on EU wine & spirits.
๐น Crypto Market Hit: Solana drops 5% as FTX-linked wallets unstake $23M SOL, fueling liquidation fears. Bitcoin holds $69K, while Ethereum slips to $3,890.
๐น Looking Ahead: Markets brace for U.S. PPI data, Fed signals on rate cuts, and escalating trade war tensions.