After climbing promisingly earlier this week, equity markets returned to a more familiar slog with the Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) falling 0.7, 1% and 1.1%, respectively. Investors will be eyeing Friday’s U.S. unemployment and labor participation reports for September, although the former is widely expected to remain in the neighborhood of its current 3.7% rate, increasing the likelihood of the U.S. central bank continuing its current monetary hawkishness and a so-called hard economic landing.
Source: https://www.coindesk.com/markets/2022/10/07/first-mover-asia-the-crash-of-three-arrows-capitals-starry-night-portfolio-shows-nfts-lack-of-staying-power-bitcoin-regains-20k-after-earlier-drop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines