Algo724 Market Improv. (30 Mar 2025)

🔴 Nasdaq Hits Technical Correction Amid Geopolitical Crisis • Correction Confirmed: The Nasdaq closed down 2.38% on Friday, marking a 10.6% drop from its peak; the S&P 500 and Dow also saw heavy sell-offs as investors fled to safe-havens. • Stagflation Fears: Brent crude surged past $113/bbl, while the 10-year Treasury yield hit 4.5%, forcing a valuation reset for high-growth AI and tech hardware sectors.#Nasdaq #MarketCorrection #TechStocks #Stagflation #OilPrices🟡 Houthis Join War; Reaper Drone Shot Down Amid Tense Diplomacy • Escalation: Houthi rebels officially entered the conflict, targeting U.S. and Israeli assets; Iran reported shooting down a U.S. MQ-9 Reaper drone over the Strait on Sunday. • Deadline Extension: President Trump pushed the strike deadline to April 6 for Pakistani-led mediation, though Tehran officially rejected the U.S. 15-point peace plan as "insulting."#IranWar #Hormuz #Trump #MilitaryUpdate #Houthi🔴 Kalshi Sued in Washington as Regulatory Pressure Mounts • Washington’s Attorney General filed a civil suit to ban Kalshi, alleging unauthorized betting on sports and elections violated consumer protection laws.#Kalshi #Regulation #PredictionMarkets #LegalNews🟢 ICE Invests Additional $600M in Polymarket • NYSE parent Intercontinental Exchange (ICE) injected another $600 million into Polymarket, part of a broader $2 billion total commitment.#Polymarket #ICE #NYSE #FinTech #PredictionMarkets🟢 JD Vance Wins 2028 CPAC Straw Poll • Vice President JD Vance secured 53% of the vote at CPAC Texas, significantly leading Secretary of State Marco Rubio (35%) for the 2028 GOP nomination.#Vance2028 #CPAC #GOP #Politics