Live updates: Bitcoin slides back below $64,000 as Nasdaq continues rally
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- Bitcoin gave up yesterday's small gains, falling 1% over 24 hours to $63,900, while ether dropped 1.7% to $1,884 in a broad crypto pullback.
- Nasdaq 100 futures climbed 1.2% roughly two hours before U.S. markets opened, looking to extend Thursday's near-3% surge.
- Amazon jumped 11.6% after topping earnings estimates and offering better-than-forecast guidance, providing the main upside fuel for tech futures.
- Apple shares fell 8% post-earnings, dragging against the broader Nasdaq rally despite the index's gains.
- WTI crude oil returned near the week's high at just under $85 per barrel, with traders positioning ahead of possible Middle East escalations over the weekend.
- The 30-year U.S. Treasury yield climbed back near a 19-year high at 5.22%, signaling renewed pressure on long-duration bonds even as equities rallied.
Why it matters: Amazon's 11.6% surge on guidance versus Apple's 8% post-earnings drop shows earnings, not macro sentiment, driving intra-sector divergence inside the Nasdaq rally. The 30-year yield's return to a 19-year high at 5.22% alongside the equity gains means bond investors are pricing in fiscal or inflation risk that equity traders are ignoring.
