Crypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness Deepens – Market Updates Bitcoin News

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As concerns about a U.S. recession mount and corporate earnings look dismal, crypto, precious metals, and stocks shuddered on Wednesday morning. Markets Crypto PMs

, and others on Wednesday indicated that the economy was not improving and added to lingering concerns about a potential U.S. recession.

On Wednesday morning into the afternoon, the four benchmark stock indexes the U.S. — the Dow Jones Industrial Average , the S&P 500 , the Nasdaq Composite , and the Russell 2000 — were all down between 1% and 2.05%. In addition to lackluster earnings reports from some of the country’s largest firms, industrial production in the U.S. slipped roughlyIndustrial production also dropped in November 2022, falling 0.6% year-over-year.

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