Stocks and cryptocurrencies faced significant drops as traders reacted defensively to increased market concerns and ignored softer inflation information. This resulted in notable declines of the S&P 500, Nasdaq, and Dow futures, breaking the recent upward trend.
As a result of geopolitical uncertainties, the dollar reached a three-year low while gold prices climbed, signaling a shift towards safety among investors. The overall market sentiment reflected caution, especially in light of upcoming economic indicators.
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