Three major U.S. stock indices closed collectively lower
The three major U.S. stock indices closed collectively lower, with the Dow down 2.08%, the Nasdaq down 4%, and the S&P 500 down 2.7%, as large tech stocks tumbled, with Tesla down more than 15%, Nvidia down more than 5%, Apple, Meta, and Google down more than 4%, and Microsoft down more than 3%.
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Current mainstream CEX and DEX funding rates indicate that the market remains broadly bearish.
Some Meme coins continue to rise during the market pullback, with JELLYJELLY surging 37% against the trend.
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