Bitcoin and Tech Stocks Plunge While Target Surges on Earnings Beat
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Bitcoin hit an all-time high above $69,000 before plummeting on Tuesday. Major stock indexes fell over 1% amid a tech selloff.
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Target shares surged 12% on Tuesday after reporting better-than-expected quarterly earnings.
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Tesla halted production at its Berlin factory due to a suspected arson attack that cut power. The stock fell nearly 4%.
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Apple shares dropped almost 3% on reports that iPhone sales in China plunged 24% in the first 6 weeks of 2024.
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Software company GitLab plunged over 20% after its disappointing full-year earnings outlook fell well short of estimates.