Stocks sold off and Bitcoin hit a seven-month low as investors pulled back from riskier corners of the market before a high-stakes week featuring Nvidia Corp.’s earnings and a pivotal US jobs report.
A gauge of global stocks hovered around a one-month low, while Asian shares fell 2% and are on track for a third straight day of losses.
Almost four stocks fell for every one that rose in the MSCI Asia Pacific Index, which slipped below its 50-day moving average for the first time since April.
That’s seen by some investors as a bearish signal. Contracts for the S&P 500, Nasdaq 100 and European stocks all indicated more losses for global shares.
As sentiment weakened, Bitcoin slid below $90,000 for the first time in seven months. Bonds rose, with the yield on the benchmark Treasury 10-year falling three basis points to 4.11%.
The moves highlighted lingering uncertainty over interest rates and tech earnings, with Nvidia’s Wednesday report set to test investor nerves over lofty valuations surrounding the artificial intelligence sector.
