{"id":8350,"date":"2025-08-20T14:17:10","date_gmt":"2025-08-20T14:17:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/nasdaq-opens-lower-after-tech-stock-rout-bitcoin-dips\/"},"modified":"2025-08-20T14:17:19","modified_gmt":"2025-08-20T14:17:19","slug":"nasdaq-opens-lower-after-tech-stock-rout-bitcoin-dips","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/nasdaq-opens-lower-after-tech-stock-rout-bitcoin-dips\/","title":{"rendered":"Nasdaq opens lower after tech stock rout, Bitcoin dips"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Nasdaq opened lower on Wednesday as stocks looked to steady after tech stocks led a rout that had major gauges slipping ahead of Federal Reserve meeting minutes and a key economic event this week.<\/p>\n<div id=\"cn-block-summary-block_8c6251a49863cdd5ddf6c93b41516e09\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Nasdaq Composite opened lower on Wednesday, with the tech heavy index shedding 0.5% in early trades.<\/li>\n<li>Stocks were showing weakness as investors awaited Federal Reserve\u2019s minutes.<\/li>\n<li>Bitcoin traded near $113,000 having fallen sharply along tech stocks.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The Dow Jones Industrial Average opened about 60 points higher and the S&amp;P 500 hovered just below the flat line, down 0.15%. However, the tech-heavy Nasdaq Composite opened more than 0.5% lower.<\/p>\n<p>Nasdaq Composite\u2019s slight dip follows Tuesday\u2019s bruising outing for risk assets, with broader weakness for top tech stocks, including all of the \u201cMagnificent Seven\u201d: Apple, Microsoft, Amazon, Google parent Alphabet, Meta, Nvidia, and Tesla.<\/p>\n<p>The downswing for these companies, as well as Palantir and others, dragged Nasdaq to a -1.46% close and the S&amp;P 500 to a -0.59% close. The impact of this across the broader market saw the sell-off spread to cryptocurrencies and other risk assets as investors scrambled for safe-haven deals.<\/p>\n<p>Bitcoin (BTC), the top digital asset, fell sharply to break to lows of $112,570 \u2013 well off its recent peak above $124k.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Corporate earnings <\/h2>\n<p>Overall weakness meant stocks and crypto traded lower in early deals during the U.S. session as Wall Street weighed market sentiment amid corporate earnings.\u00a0<\/p>\n<p>Notably, Target shares fell 9% after the retailer\u2019s earnings report showed further declines in sales and as the company revealed a new chief executive officer expected to take over on Feb. 1, 2026. However, Lowe\u2019s shares gained about 3% after its earnings beat expectations.<\/p>\n<h2 class=\"wp-block-heading\">Fed minutes on deck<\/h2>\n<p>Also on investors\u2019 minds is the Federal Reserve\u2019s minutes for its July meeting, which will shed more light on the central bank\u2019s interest rate outlook. The week also has all eyes on Federal Reserve chair Jerome Powell, who is set to speak at the Jackson Hole symposium in Wyoming.<\/p>\n<p>The event brings together economic policymakers, government officials and critical market players. Powell\u2019s speech at the annual policy symposium comes on Friday morning, his last as he heads toward the end of his term in May 2026.<\/p>\n<p>Fed\u2019s decision to hold interest rates steady at the previous meeting has left the market, per the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" target=\"_blank\">CME Fedwatch tool<\/a>, pricing in a higher chance of a cut in September.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq opened lower on Wednesday as stocks looked to steady after tech stocks led a rout that had major gauges slipping ahead of Federal Reserve meeting minutes and a key&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8350"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8350\/revisions"}],"predecessor-version":[{"id":8352,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8350\/revisions\/8352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8351"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}