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Stocks fall on new tariff threats, bitcoin hits a record high

Stocks fall on new tariff threats, bitcoin hits a record high

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Stocks fall on new tariff threats, bitcoin hits a record high
00:00 Speaker A

spread across the screen here. We're seeing losses being led by the Dow off around 300 points to finish the day. The Nasdaq uh finished the day more modest two tenths of a percent lower than the S&P 500, also off about three tenths of a percent. And if we take a look over a five-day period, we're also going to be booking some losses there. Dow off 1% over the past five days. Nasdaq, I mean, barely. This is closing very, very flat. But this comes after we saw record highs for both the benchmark index and the Nasdaq composite yesterday, but we did see a record high for Nvidia. This is a name we've been talking about all week. This is a market cap and right now we continue to close above that $4 trillion dollar market cap. Again, another record for this AI giant. Now speaking of records, I also want to take a look at Bitcoin because we are seeing Bitcoin surge over this past week, particularly today. We are trading above $118,000 a coin. We're at these record highs and that's moving a lot of crypto adjacent and crypto related stocks. So if I flip over to our crypto stock board, you're going to see that especially over the past five days, you're going to see gains for a lot of these big companies. So Coinbase, for example, finishing the five-day period up around uh 9% here. Strategy, this is Michael Sailor's company. They hold a lot of Bitcoin on their balance sheet, finishing up the five-day period at 8% higher, and even Robin Hood is up around 4%. So we're continuing to track all of these crypto stocks and sources that I've been speaking with have said 120,000, that's the next technical level to watch for Bitcoin and we could see that number sooner rather than later because there just seems to be so much momentum around this asset, Josh.

02:54 Speaker B

All right, thank you.

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