
Crypto stocks Block and Strategy are buzzing: What's going on?

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U.S. stock markets faced a significant downturn today, with the S&P 500 and Nasdaq indices experiencing their largest drop in over three months. The decline, driven by increased risk-off sentiment due to President Trump's renewed tariff threats regarding Greenland, resulted in a loss of approximately $700 billion in market capitalization for major stocks like Nvidia and Apple. The Nasdaq fell 2.39% to 22,954.32, the S&P 500 dropped 2.06% to 6,796.86, and the Dow Jones Industrial Average decreased by 1.76% to 48,488.59.

