The last day of June saw another drop on Wall Street, with the S&P 500 recording the worst first half of a year since 1970. The index declined about 0.9% to close below 3,800, while the Nasdaq led the day's slide, falling by 1.3%.
Beyond the stock market, selling also gripped the cryptocurrency space. With Bitcoin (BTC-USD) dropping below $19K, stocks like MicroStrategy Inc. (MSTR), Coinbase Global (COIN) and Riot Blockchain (RIOT) all posted notable losses.
Earnings news induced declines elsewhere in the market. Duck Creek Technologies (DCT) dropped following its quarterly results, while reduced guidance put pressure on RH (NYSE:RH).
On the other side of the spectrum, JinkoSolar (JKS) resumed its recent upswing, powering to a new 52-week high.
Sector In Focus
Another weak day in the crypto market sparked further selling in stocks dependent on the asset class. The slide came as Bitcoin (BTC-USD) dropped nearly 8% to fall below $19K.
With the slide, MicroStrategy Inc. (MSTR), a...
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