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- 😰Tech selloff caps rough week
😰Tech selloff caps rough week
As markets anxiously await jobs report

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📰 Market Headlines

Stocks fell hard yesterday as President Trump's tariff whiplash and a tech selloff rattled investors.
The S&P 500 plunged 1.8%, the Dow dropped 1%, and the Nasdaq sank 2.6%.
Nvidia tumbled 5.7%, while Marvell Technology collapsed 19.8% despite beating earnings estimates.
Markets are now anxiously awaiting Friday's jobs report, with economists forecasting 160,000 new jobs in February versus January's 143,000 gain.
US employers announced 172,017 job cuts in February, a 245% surge from January and the highest since 2020.
Sycamore Partners agreed to take Walgreens private in a $10 billion deal, ending its nearly century-long run as a public company.
🎵 Alternative investing news
T-Pain just sold his catalog.
The price paid was not disclosed, but it was surely less than the $350 million the Red Hot Chili Peppers are asking for theirs.
📊 Ideas, trends, and analysis
Mortgage rates fell to 6.63%, the lowest of 2025, as tariffs and weak economic data fueled recession fears.
German bond yields made their biggest jump since 1990 after lawmakers removed fiscal caps for defense spending.

🧠 Make yourself heard
Friday's jobs report arrives at a crucial point.
On Thursday, data showed job cuts soared in February to 172,017, their highest level since July 2020. This marked a 245% increase in layoffs over January.
Economists are expecting 160,000 new jobs. What’s your prediction?
Where do you think February’s jobs report will land? |
😱 Fear and Greed Index

📊 Winners and losers

Earnings
JD.com beat Q4 estimates, pushing shares up 0.4%.
Costco topped earnings expectations, however shares fell 2%.
Broadcom reported Q1 adjusted EPS of $1.49, up 35% year-over-year; shares plunged 6%.
Hewlett Packard Enterprise posted Q1 revenue of $7.81 billion, missing estimates; shares tumbled 5%.
Kroger rose 2% despite delivering Q4 sales numbers down 7% year-over-year.
Gap exceeded Q4 expectations, yet shares still slipped 1.8%.
Market movers
Alphabet received a subpoena from the House Judiciary Committee for communications with the Biden administration on content moderation.
The FTC sued to block GTCR's acquisition of Surmodics, arguing the deal would control over 50% of the medical device coatings market.
Jack Daniel's maker Brown-Forman said that Canadian provinces removing US alcohol from shelves is "worse than tariffs".
Hewlett Packard Enterprise announced plans to lay off 5% of its workforce, cutting over 2,500 jobs.
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📊 Crypto
Texas Senate passed legislation to establish the first state digital asset strategic reserve in a 25-5 vote.
Crypto Czar David Sacks sold all holdings in Bitcoin, Ethereum, and Solana before taking office.
Russia's finance ministry rejected crypto for its $135.5 billion National Wealth Fund.
🌍 Global Perspectives

🇸🇩 Sudan is taking the UAE to the International Court of Justice over alleged complicity in genocide.
🇰🇷 Fifteen people were injured after South Korean fighter jets accidentally dropped bombs in a civilian area near North Korea.
🇬🇫 Europe's new Ariane 6 rocket successfully launched its first commercial mission carrying a military satellite from French Guiana.
🇦🇺 A 17-year-old armed with a shotgun was overpowered by passengers after boarding a commercial flight in Melbourne.
🇲🇽 Mexico announced plans to review its tariffs with China following pressure from the US.
🎤 What you said last time

“More like twist and stack two”
🧠 Miscellanea
Mexican authorities seized 275,000 fentanyl pills hidden in sliced cactus boxes bound for Arizona, valued at $6.5 million.
Scientists discovered mysterious white rocks on Mars that suggest the planet was once warm and wet enough for life.
Archaeologists unearthed a 1.5-million-year-old bone tool cache in Tanzania.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Or find me in the Alts Community.
Cheers,
Wyatt

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