Bitcoin rose slightly after a late Thursday afternoon surge. Most other major cryptos were also in the green...Indian crypto investors receive some upbeat news. JPRubin23 reports
up over 4%. Trading was choppy as investors continued to shy away from riskier assets – their behavior a product of inflationary and recessionary fears that have mushroomed steadily this year.
Stocks rose as the tech-heavy Nasdaq jumped 2.6%, the S&P 500 climbed 1.8% and the Dow Jones Industrial Average gained 1.2%. Gold, a traditional safe haven in down markets, increased by more than a percentage point, underscoring the current uncertainty among investors. The looming prospect of recession continued to ripple through the technology sector on Thursday with Microsoft ratcheting back its earnings and sales projections for the current quarter. Amazon and Netflix , among others, reported weak first-quarter financial results last month, noting the effects of Russia's invasion of Ukraine and unsettling macroeconomic conditions.
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