💼 Business 2d ago · Christopher Zara

Tech stocks and crypto crash against a perfect storm as ‘Bloody Friday’ sell-off shocks markets

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Tech stocks and crypto crash against a perfect storm as ‘Bloody Friday’ sell-off shocks markets
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Traders are running scared this Halloween weekend as a combustible mix of market forces have sparked a sell-off in major technology stocks and cryptocurrencies. 



Weak earnings reports from AI hyperscalers including Amazon and Google, along with a historic hack on crypto exchange Binance, have left investors in high-growth assets feeling like they have nowhere to turn.



As of this writing, the tech-heavy Nasdaq Composite was down 3.3% on Friday, its worst day since June. The Dow Jones Indust

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