BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Applied Digital Stock Slides Amid Macroeconomic Pressures
Applied Digital Stock Slides Amid Macroeconomic Pressures
15
2
BTCCSquare news:
Applied Digital (APLD) shares fell 3.7% Friday, paring steeper early losses after a volatile session. The stock's retreat follows a surge Thursday, with macroeconomic headwinds outweighing positive earnings momentum. Broader indices mirrored the decline, with the S&P 500 and Nasdaq dropping 1.8% and 2.5% respectively.
July's disappointing jobs report catalyzed the selloff. The U.S. added just 73,000 nonfarm payrolls—well below estimates—while prior months saw sharp downward revisions. Market sentiment further deteriorated after new tariff announcements, creating cross-asset pressure. Though APLD recovered from its 13.2% intraday low, the stock remains caught in the risk-off tide.
By:
Previous
Figma’s Meteoric Rise Challenges Adobe’s Dominance in Design Software
Next
Trump Raises $236M in Early 2025, Fueled by Crypto Donors
