HomeMarketsU.S. EconomyStock Market Today: Rate Cut Sell-Off, Crypto Plunges, MU Short-Circuits

Stock Market Today: Rate Cut Sell-Off, Crypto Plunges, MU Short-Circuits

The Fed's rate cut outlook ignited a steep sell-off in the markets, leading to the worst closing streak in the $DJI since 1974. Among the most notable laggards were crypto names, including Bitcoin and many stocks connected to it like Microstrategy (MSTR) and Coinbase (COIN). Micron (MU) traded even further down after hours off a sales miss and lower-than-expected guidance. Caroline Woods takes a closer look at the biggest stories behind today's sell-off.

Market On Close

18 Dec 2024

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