Stock selloff continues, producer inflation soars, bitcoin battered

Developing Story

Bitcoin ETFs, stocks infected by crypto malaise

Symbol Price Change %Change
BITQ $7.71 -0.05 -0.63%
BITO $18.19 +0.01 +0.06%
COIN $55.82 +2.10 +3.91%
MSTR $170.66 +2.46 +1.46%

Bitcoin continues week long decline

Bitcoin traded around $27,000. Bitcoin had fallen the last seven days leading into Thursday. Bitcoin is off more than 26% month-to-date and down more than 38% year-to-date.

Futures at a glance

Stock futures are lower Thursday ahead of a report on wholesale inflation and weekly jobless claims.

Meanwhile, oil prices dipped, with West Texas Intermediate futures trading at around $104.80 a barrel and Brent crude futures trading at about $106.50 per barrel.

Stock futures decline ahead of PPI, jobless claims

U.S. equity futures traded lower Thursday morning as selling continued after the consumer price index for April remained near a 40-year high, sparking concerns about a looming recession. Continue reading

Oil slips more than 2% on recession fears

Benchmark U.S. oil dropped to $103 per barrel in electronic trading on the New York Mercantile Exchange. It gained 6% on Wednesday. Brent crude fell to around $105 per barrel. It added 4.9% the day before.

Gasoline hits new high

The average price for a gallon of gasoline
 in the U.S. rose to a record Thursday morning to $4.418, according to the latest numbers from AAA. The price on Wednesday was $4.404. 

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