Gold Offers No Shelter as Meta Leads Tech Sell-Off
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Gold Offers No Shelter as Meta Leads Tech Sell-Off
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On today's episode of Market Brief – After Hours, Meta beats revenue expectations but falls about 7% as investors question the funding demands behind the AI boom. CoreWeave drops 10%, the Nasdaq suffers its worst session since June, and gold slides 2.77%. Investors find shelter in US government bonds instead, sending the 10-year Treasury yield below 5% as oil surges on reports of potential strikes against Iran.
We follow the selling across Europe and Asia, examine Bitcoin’s retreat below $81,000, and assess the technical outlook for EUR/USD, GBP/USD, USD/JPY and USD/CAD, alongside gold and silver. Plus, Barclays announces thousands of job cuts, Moderna tumbles after leaked vaccine data, and Spotify and Lockheed Martin offer brighter earnings stories.
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