Reddit

Popular social network and forum site Reddit reported significant outages on Monday morning.» Mehr auf techcrunch.com

Social media platform Reddit was down for thousands of users globally on Monday, according to outage tracking website Downdetector.com.» Mehr auf reuters.com

Live Updates Live Coverage Has Ended Nasdaq Composite Spirals 4% Lower 3:11 pm by Gerelyn Terzo The markets have widened their losses after Fed Chairman Jerome Powell addressed tariffs and their impact on the economy. Chairman Powell warned that tariffs could throw a wrench into the central bank’s efforts to tame inflation and spur economic growth. The Fed is taking a wait-and-see approach to monetary policy in the meantime. The Nasdaq Composite is spiraling 4% lower, weighed down by a 9% drop in Nvidia (Nasdaq; NVDA) and other Big Tech names on the tariff fallout. All sectors of the economy are lower with the exception of energy, which is up 1% as a group. Here’s a look at where things stand as of late afternoon trading: Dow Jones Industrial Average: Down 847.60 (-2.10%) Nasdaq Composite: Down 713.07 (-4.24%) S&P 500: Down 161.77 (-3%) Gainers in a Sea of Red 12:32 pm by Gerelyn Terzo While the markets are a sea of red, including a 2.1% drop in the Nasdaq Composite, there are some gainers if you dig deep enough. We found a few, including: eBay (Nasdaq: EBAY) is up 2.5% on the day and is inching closer to its 52-week high of approximately $71 per share. The online auction platform could be gaining from a newly announced partnership with Checkout.com for payments. Bitcoin stock MicroStrategy (Nasdaq: MSTR) is tacking on 1.2% today while the bitcoin price continues to hover below the $85,000 level. On its best day, bitcoin serves as an inflationary hedge from the economy, which stands to benefit MSTR stock. Expand Energy (Nasdaq: EXE) is gaining 1.7% as a rising energy sector lifts those boats. Tariff Fallout 10:04 am by Gerelyn Terzo The markets remain under pressure as of mid-morning trading, with the three major stock market averages stuck in a rut. While March retails sales rose a higher than expected 1.4%, the markets are obsessed with Nvidia (Nasdaq; NVDA), which warned that it will take a massive $5.5 billion charge for processor exports to China, giving the markets their ‘I told you so’ moment. Magnificent Seven stocks are each down in the ballpark of 2% this morning, including Apple (Nasdaq: AAPL), whose market cap has dipped below the $3 trillion threshold. The markets are under pressure out of the gate despite stronger than anticipated economic data. All three of the major stock market averages are trading in the red, including a 1.7% drop in the Nasdaq Composite, which is being weighed down by Nvidia (Nasdaq: NVDA). On the flip side, Applied Digital (Nasdaq: APLD) is gaining 5% today, bucking the otherwise downward trend, on the heels of its fiscal Q3 results. Despite missing Wall Street’s expectations, Applied Digital is benefiting from its roll in data center infrastructure for AI and high-performance computing, two white-hot tech trends. The gold price is rising 2.4% today to $3,319.30 per ounce as investors flock to the inflationary hedge during these times of heightened uncertainty. Newmont Mining (NYSE: NEM) is gaining 4% on the day as a beneficiary of the gold rush. The technology sector is being dragged lower by NVDA stock after the company revealed an upcoming $5.5 billion charge related to chip exports to China, igniting trade war selling once again. Nvidia shares are sinking 5.6% today. Most sectors of the economy are down, including a 2.4% decline for technology, while energy stocks are up by 1%. Each of the Magnificent 7 stocks is lower today. Retail sales grew by 1.4% in March, stronger than the expected 1.2% increase and providing yet another sign of a resilient U.S. consumer. Results excluding auto sales also beat economist projections, coming in at 0.5% vs. estimates of 0.3% even in the face of tariff uncertainty targeting the auto sector. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Down 165.73 (-0.41%) Nasdaq Composite: Down 292.95 (-1.74%) S&P 500: Down 47.89 (-0.90%) Market Movers BofA analysts have reiterated their “buy” rating on Nvidia stock, but it’s doing little to lift sentiment in shares today. The Wall Street firm also lowered their price target on NVDA to $160 from $200 per share, blaming tariff uncertainty. Oppenheimer analysts have begun coverage on new stock Reddit (NYSE: RDDT) with an “outperform” rating attached. Piper Sandler likes Tesla (Nasdaq: TSLA) stock, reiterating its “overweight” rating on the EV maker while lowering the price target from $450 to $400 per share. The post Live Nasdaq Composite: Gold Up, APLD (Nasdaq: APLD) Rises 5% in Bright Spot appeared first on 24/7 Wall St..» Mehr auf 247wallst.com