Dollar Strength Tech Sell-Off
The US dollar posts its strongest monthly gain in a year while Wall Street tech stocks face heavy selling pressure ahead of Micron earnings.
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- MARKETMexican peso recovers against dollar as emerging-market currencies stabilize
The peso joins the ruble and yen in posting gains versus the greenback, signaling a brief pause in dollar strength that has dominated markets since late June.
- MARKETMU.O (MU.O)
▼ 4.25% close $976.63 from $1020.00
- MARKETMU.O (MU.O)
▼ 11.80% close $1020.00 from $1156.44
- EVENTDollar closes June with strongest monthly gain in a year as ruble weakens
The greenback is on track for a 2.5% advance in June, its best performance since last July, while the Russian ruble faces fresh depreciation pressure.
- MARKETWall Street opens lower as tech sector selling weighs on risk appetite
Investors trim exposure to growth stocks amid cautious sentiment, extending a downturn that has pressured the Nasdaq and Dow in recent sessions.
- MARKETMU.O (MU.O)
▼ 4.61% close $1133.50 from $1188.34
- DATAWall Street opens higher as investors await Micron earnings
US equities stage a tentative recovery after a brutal sell-off in technology shares, with memory chip maker Micron set to report results.
- MARKETMU.O (MU.O)
▲ 13.99% close $1213.96 from $1065.00