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The SPX index was down by 0.78%, and broad market declines affected ten of the eleven S&P sectors, particularly impacting mega-cap tech stocks. Despite this, a noticeable shift from high-value tech stocks to sectors likely to benefit from anticipated US rate cuts continued. Investors awaited further earnings reports from major companies like American Express, Travelers, and Comerica. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 1.63% and 0.04%, respectively in the past 24 hours.
Today's top performer is MNT, which surged 11.9% after Mantle celebrated its anniversary with a special NFT mint event and a $17,000 prize pool.