Nasdaq Soars on Google Surge While Dow Stumbles After Weak JOLTS Data Shakes Markets
Tech flexes its muscles as traditional markets wobble—another day where digital assets would've shrugged off this jobs data weakness.
Google's AI-driven rally proves big tech still calls the shots, pushing Nasdaq into green territory while the Dow eats dust. JOLTS report comes in softer than Wall Street's espresso—nobody's buying the 'strong economy' narrative today.
Traders pivot to growth plays as rate cut hopes get another nudge. Bonds catch bids, tech stocks levitate, while old-economy names face relentless selling pressure. Sector rotation? More like sector desperation.
Another reminder that traditional markets move at the pace of government reports while crypto markets price in the future. The irony? Wall Street still thinks GDP numbers matter more than network hash rates.