Cedears sank as much as 10% on the fall of the CCL and doubts on Wall Street

Cedears sank as much as 10% on the fall of the CCL and doubts on Wall Street

This happened in step with the major US stock indices falling after the 3M, Johnson & Johnson, and GE exceeded earnings expectations, but warned of a difficult year ahead.

At the same time, Cryptobank Silvergate Capital’s Fall Has to Do With Q4 Results in which the exit of about 70% of the deposits related to digital assets was evident.

The FTX debacle triggered a crisis of confidence in cryptocurrencies, which in turn led to a run on the bank. Silvergate had to remove a significant amount of shareholder capital in the process because it had to sell bonds while they were trading at a loss to cover deposit outflows.

The bank had a sizeable loss of more than $1 billion in the fourth quarter.

this day, numerous stocks listed on the New York Stock Exchange suspended trading mid-morning due to an apparent technical malfunctionwhich caused initial pricing confusion and led to an investigation by the United States Securities and Exchange Commission (SEC).

More than 80 stocks were affected by the flawwhich caused strong variations in the opening prices among dozens of companies, including Walmart and Nike. “Everybody had computer problems, first the airlines and now the New York Stock Exchange,” said Tim Ghriskey, a senior portfolio strategist at Ingalls & Snyder in New York, adding: “This seems to have been corrected quickly.”

Wall Street’s three major indexes wobbled for much of the session, showing little apparent momentum in any trend.

This day, the financial dollar fell and broke with 3 raises in a row. For his part, the Cash on Settlement (CCL) interrupted mini bullish streak. In this way, the cable dollar fell $3.16 and ended with a four-day rise after Sergio Massa’s announcements.

Source: Ambito

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