Stocks Dip on Ukraine Jitters; Bitcoin at $97,000: Markets Wrap

Published On Nov 21, 2024, 3:35 AM

European stocks and US futures have declined due to geopolitical concerns over the escalating Russia-Ukraine crisis, particularly following reports of missile launches by Russia. Nvidia Corp. disappointed investors with a revenue forecast, negatively impacting tech shares. In contrast, Bitcoin surged to nearly $100,000, driven by discussions around potential cryptocurrency policy under President-elect Donald Trump. Amidst this environment, commodity prices for oil and gold have risen due to heightened market fears.

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Stock Forecasts

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Negative

Given the geopolitical tensions and the cautious outlook from Nvidia, which has previously been a strong indicator of tech sector strength, we may continue to see pressure on tech stocks. Additionally, the broader market may be influenced by rising concerns fueling volatility.

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