{"id":296012,"date":"2025-05-09T22:09:15","date_gmt":"2025-05-09T22:09:15","guid":{"rendered":"https:\/\/newhampshiredigitalnews.com\/index.php\/2025\/05\/09\/dow-drops-119-points-nasdaq-inches-higher-bitcoin-settles-at-103k-amid-china-talk-rumors\/"},"modified":"2025-05-09T22:09:15","modified_gmt":"2025-05-09T22:09:15","slug":"dow-drops-119-points-nasdaq-inches-higher-bitcoin-settles-at-103k-amid-china-talk-rumors","status":"publish","type":"post","link":"https:\/\/newhampshiredigitalnews.com\/index.php\/2025\/05\/09\/dow-drops-119-points-nasdaq-inches-higher-bitcoin-settles-at-103k-amid-china-talk-rumors\/","title":{"rendered":"Dow drops 119 points, Nasdaq inches higher, Bitcoin settles at $103k amid China talk rumors"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/crypto.news\/app\/uploads\/2025\/04\/crypto-news-AI-market-option01.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">U.S. stocks ended the week mixed, with investor sentiment cautious ahead of scheduled trade talks between U.S. and Chinese officials in Switzerland this weekend.\u00a0<\/p>\n<p>The Dow Jones Industrial Average fell 0.3%, while the Nasdaq Composite edged up 0.0043% while the S&amp;P 500 hovered near the flatline down 0.07%<\/p>\n<p>The trading action <a href=\"https:\/\/crypto.news\/dow-rises-200-points-as-markets-react-to-u-s-uk-trade-deal\/\">follows<\/a> a preliminary U.S.-U.K. trade agreement, but new tariff rhetoric has kept markets jittery. U.S. President Donald Trump <a href=\"https:\/\/www.reuters.com\/world\/trump-says-80-tariff-chinese-goods-seems-right-should-open-up-its-market-us-2025-05-09\/\" target=\"_blank\" rel=\"noopener\">floated<\/a> an \u201c80% Tariff on China\u201d via Truth Social, a step down from the current 145% but still above the sub-60% expectations reported earlier in the week.<\/p>\n<p>\u201cProgress this week was encouraging, but we remain in the ebbs and flows of the news cycle,\u201d <a href=\"https:\/\/www.cnbc.com\/2025\/05\/08\/stock-market-today-live-updates.html\" target=\"_blank\" rel=\"noopener\">said<\/a> Nationwide\u2019s Mark Hackett. \u201cWe are likely in a sideways period of volatility until we begin to get tangible outcomes.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin\u2019s surge<\/h2>\n<p>Meanwhile, Bitcoin (<a href=\"https:\/\/crypto.news\/price\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">BTC<\/a>) surged above $104,000 Friday morning, driven by <a href=\"https:\/\/crypto.news\/bitcoin-and-ethereum-on-alert-as-3b-worth-of-options-expire-on-friday\/\">strong institutional inflows<\/a> and ETF performance. Spot Bitcoin ETFs reached a new lifetime high in cumulative flows at $40.33 billion, per Bloomberg data.\u00a0The largest cryptocurrency by market cap gave up some of its gains, trading at around $103,000 following Wall Street\u2019s closing bell.<\/p>\n<p>Elsewhere, Wells Fargo noted only 13 companies have withdrawn earnings guidance this season, fewer than expected in what it calls a \u201cpositive surprise.\u201d\u00a0Stocks such as Ford, Delta, and Snap were among those pulling forecasts.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/dow-drops-119-points-nasdaq-inches-higher-bitcoin-settles-at-103k-amid-china-talk-rumors\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks ended the week mixed, with investor sentiment cautious ahead of scheduled trade talks between U.S. and Chinese officials in Switzerland this weekend.\u00a0 The<\/p>\n","protected":false},"author":1,"featured_media":296013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[163],"tags":[],"class_list":["post-296012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/296012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=296012"}],"version-history":[{"count":0,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/296012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/296013"}],"wp:attachment":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=296012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=296012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=296012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}