DXY: To trade around 102 – DBS

Ahead of the vote on the Clarity Act, Cathie Wood heavily offloaded crypto stocks, cashing out over $60 million.

As procedural voting on the CLARITY Act gets underway, cryptocurrencies generally rebounded and strengthened, with XRP surging over 5%.

TradingKey - On September 14, Eastern Time, the three major U.S. stock indices closed lower across the board. AI industry executives collectively called for a slowdown in the development of advanced models, prompting the market to reassess the outlook for AI capital expenditures and chip demand. Mea

Anthropic CEO Dario Amodei called for a slowdown in the pace of artificial intelligence capability development, sending AI-related stocks lower across the board. Meanwhile, surging US Treasury yields and crude oil prices also weighed on the market. US equities edged lower, with memory and optical communications stocks leading the declines, while software and cybersecurity stocks bucked the trend to gain. At the close, the Dow Jones Industrial Average fell 0.29% to 52,421.20; the Nasdaq Composite Index fell 0.56% to 26,186.41; and the S&P 500 Index fell 0.48% to 7,619.98.

Japanese and South Korean stock markets tumbled across the board, with the KOSPI plummeting over 3%. SoftBank plunged 11%, while SK Hynix and Kioxia dropped 6%.