Oil and gold pulled back after surging on the breakout of hostilities in Iran, while equities and crypto stocks face pressure.
U.S. equity futures fall in pre-market trading as oil, gold retreat from highs
Oil and gold pulled back after surging on the breakout of hostilities in Iran, while equities and crypto stocks face pressure.
Shares:
The Nasdaq and S&P 500 were both lower by more than 1% about an hour before the close.
Bitcoin remains trapped in a range despite the U.S. rate cut, while altcoins and memecoins struggle to attract risk appetite amid shifting investor behavior.
Shares of COIN are down nearly 30% this year, with analysts warning that softer trading and crypto prices are likely to weigh on revenue.
Crypto majors showed mixed movement as bitcoin (BTC), ether (ETH) and BNB Chain’s bnb gained under 1% in the past 24 hours, while Solana’s SOL and XRP surged as much