Intel, Amazon lead tech lower, crypto markets rattled amid $6.3 billion Binance hack: AlphaCheck
Tech stocks declined on Friday as Amazon and Intel shares tumbled.
Good morning. Stocks declined on Friday as shares of chipmaker Intel ( INTC ) and Amazon ( AMZN ) led Technology (XLK ) and Consumer Discretionary ( XLY ) stocks lower following their quarterly results.
The declines came after Alphabet ( GOOG , GOOGL ) stock plunged 12% in the prior session.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data .
Crypto markets were rattled on Friday after Binance reported a $6.3 billion breach in what is likely the largest heist in history.
Bitcoin ( BTC-USD ) prices tumbled to around $77,000. Ether ( ETH-USD ) also dropped 4% to around $2,200. Crypto-related stocks also opened lower. Shares of Circle ( CRCL ) and trading platforms Coinbase ( COIN ) and Robinhood ( HOOD ) all tumbled. Digital-asset Treasury giant Strategy ( MSTR ) stock also sank. (Disclosure: Yahoo Finance has a partnership with Coinbase.)
Brent crude oil futures ( BZ=F ) jumped 2% to hover near $113 per barrel, while WTI ( CL=F ) also rose to $103.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Sandisk ( SNDK ), Reddit ( RDDT ), and ExxonMobil ( XOM ).
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