📆 Wednesday, June 7
► Tech giants such as Apple and Microsoft slumped in pre-market trading, signaling a continued cooling of the tech stock rally influenced by potentially high long-term central bank interest rates.
► Futures for the S&P 500, Dow Jones, and Nasdaq 100 remain relatively unchanged, however, as investors remain reluctant to make major decisions a week ahead of the CPI release and Fed interest rate decision.
► The TRY hit a record low against the USD as policymakers appeared to scale back interventions to support the currency, raising expectations of a more orthodox monetary policy under the new Treasury and Finance Minister.
► The SEC accused Coinbase of operating an illegal exchange. U.S. regulation toward cryptocurrencies are rising, which could make it more difficult for U.S. citizens to operate the industry and trade. Bitcoin prices fell.
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