Both Alphabet shares (GOOGL and GOOG) declined by over 4% as a result of the disappointing performance of its AI chatbot Bard. Just as Yahoo announced massive layoff plans, the Nasdaq 100 dropped 114 points (-0.91%) to 12,381. The S&P 500 slipped 36 points (-0.88%) to 4,081, and the Dow Jones Industrial Average declined 249 points (-0.73%) to 33,699.
Germany’s year-on-year inflation rate moved up slightly to 8.7%, as EUR/USD added 27 pips 1.0736. GBP/USD increased 51 pips to 11.2122. Mitrade expects the UK's year-on-year GDP to slow from 1.9% to 0.4%.
AUD/USD traded 11 pips higher to 0.6935. USD/CAD and USD/JPY had minimal gains to 1.3451 and 131.56 respectively.
Spot gold plunged more than $13 to $1,861.74 an ounce, and WTI oil futures slipped $0.39 to $77.06 a barrel. Bitcoin dropped below $22,000 to $21,831.0, and Ethereum lost more than $100 to $1,545.99.
Germany’s year-on-year inflation rate moved up slightly to 8.7%, as EUR/USD added 27 pips 1.0736. GBP/USD increased 51 pips to 11.2122. Mitrade expects the UK's year-on-year GDP to slow from 1.9% to 0.4%.
AUD/USD traded 11 pips higher to 0.6935. USD/CAD and USD/JPY had minimal gains to 1.3451 and 131.56 respectively.
Spot gold plunged more than $13 to $1,861.74 an ounce, and WTI oil futures slipped $0.39 to $77.06 a barrel. Bitcoin dropped below $22,000 to $21,831.0, and Ethereum lost more than $100 to $1,545.99.