Dragged down by tech earnings reports, the U.S. stock market closed lower, with software stocks significantly underperforming semiconductors so far this year. This divergence is also reflected between growth stocks and value stocks, with the energy and other value sectors expected to lead the market in 2024. Meanwhile, Bitcoin's price movement has attracted much attention, as Bitcoin previously broke below the key $75,000 level. Analysts warn that a drop below $70,000 could signal a shift to a bearish trend.
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Dragged down by tech earnings reports, the U.S. stock market closed lower, with software stocks significantly underperforming semiconductors so far this year. This divergence is also reflected between growth stocks and value stocks, with the energy and other value sectors expected to lead the market in 2024. Meanwhile, Bitcoin's price movement has attracted much attention, as Bitcoin previously broke below the key $75,000 level. Analysts warn that a drop below $70,000 could signal a shift to a bearish trend.