5 major events in the financial market today: geopolitical situation clouds still remain $600 million cryptocurrency stolen

By    2 Apr,2022

As of 20:08 GMT (08:08 a.m. EDT), blue-chip-dominated Dow futures were down 96.8 points, or 0.27%, S&P 500 futures were down 14.2 points, or about 0.31%, and tech-dominated Nasdaq 100 futures were down 69.2 points, or 0.45%.


On the individual stock front, Lulu Lemon (NASDAQ:LULU) is up about 7% and Micron Technology (NASDAQ:MU) is up 4%, with both companies reporting strong earnings and guidance after the bell yesterday.

In terms of economic data, the U.S. will release final GDP for the fourth quarter of last year as well as the ADP private sector employment change for March.


4. Cryptocurrency theft rears its ugly head


Hackers reportedly stole more than $600 million worth of cryptocurrency from the Ronin Network, the network of blockchain game Axie Infinity.


Through Ronin Network, players can transfer money to and from Axie Infinity. Ronin Network said it discovered a vulnerability that had been there for a week, but that the breach had led to the theft of 173,600 ethereum and $25 million worth of U.S. dollar coins.


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