Intel Soars 10% as $190M in Crypto Longs Get Liquidated in One Hour

On today's episode of Market Brief – After Hours, Wall Street stages a sharp comeback as Intel surges on a new domestic chip deal with Apple, sending the entire semiconductor sector to record highs just a day after a hawkish Fed rattled markets. At the same time, the crypto market suffers a brutal leverage shakeout, with nearly $190 million in long positions liquidated in a single hour. We break down the major US indices, Kevin Warsh's first meeting as Fed chair and the violent move in Treasury yields, plus milestone-breaking rallies across Asia. We also track the FX market, where the dollar surged against the euro, pound, Swiss franc and yen (EUR/USD, GBP/USD, USD/CHF, USD/JPY), and round out the session with gold, silver, Bitcoin, oil and the day's biggest corporate movers. Hosted on Acast. See acast.com/privacy for more information.