Market selloff

1. Sandisk closed down 13.6% at $1,149.50
   Sandisk closed down 13.6% at $1,149.50, a day after beating on revenue ($11.0B vs $10.7B expected) and earnings, guiding above Street estimates and announcing an 8-for-1 stock split.
   1d ago · Markets
2. The Nasdaq 100 has now fallen 10% from its October high, putting it on the edge of correction territory
   The slide comes as disappointing tech earnings push the cost of insuring Big Tech debt to record highs, and three Fed officials called for more rate hikes today.
   1d ago · Markets
3. Nasdaq 100 down 3.4% on the day, S&P 500 down 1.7%
   The Nasdaq 100 is down 3.4% on the day and the S&P 500 is down 1.7%.
   1d ago · Markets
4. Reddit shares are down 29% to about $91.60, the biggest intraday drop in the stock's history
   Reddit shares are down 29% to about $91.60, the biggest intraday drop in the stock's history, after CEO Steve Huffman said Google's SI search mode isn't sending traffic and Google referrals fell by more than 1 million a week in October.
   1d ago · Markets
5. Intel's 5-year credit default swap widened to a record 123.5 basis points, per Markit data
   Intel's 5-year credit default swap widened to a record 123.5 basis points, on track for its biggest one-day move since October 2022, per Markit data.
   1d ago · Markets