Market Jitters: Tech and Crypto Take a Hit

Major Indexes Take a Dip

• Dow Jones Industrial Average: Dropped by 705 points
• S&P 500: Fell by 1.39%
• Nasdaq: Declined by 1.45%

Fear Grips Investors

• VIX (Fear Index): Spiked by 15%
• Fear and Greed Index: Hit extreme fear levels, lowest since April

Tech Stocks Under Pressure

• Concerns over high valuations and massive spending plans
• Bitcoin: Fell below $92,000, erasing year-to-date gains
• Lost over 25% in six weeks after record high in early October

Key Support Levels Breached

• S&P 500 and Nasdaq dipped below their 50-day moving averages
• Last week saw volatile trading, with tech stocks taking a hit before a rebound on Friday

Eyes on Nvidia

• Set to report earnings on Wednesday
• Shares fell by 2.9% on Monday, affecting the broader market

Market Rotation

• Investors rotating out of high-flying tech stocks
• Moving into sectors that have lagged behind
• Seen as a way to unwind market frothiness and allow the bull market to catch its breath