"Cryptocurrency investors had a bad day on Monday, as Bitcoin prices fell 6%, Ether 8%, and Solana 9%. The Vanguard S&P 500 ETF ( NYSEMKT: VOO) lost 0.5%. Crypto prices are turning around early Tuesday, however, with Bitcoin, for example, gaining back 2% this morning as traders seek a bottom. Some tech shares are also reversing higher, and premarket, the Voo is up 0.3%."
"Market pundits put the chance of another rate cut at nearly 88%. Earnings Database software company MongoDB ( Nasdaq: MDB) beat earnings by 51 cents last night, reporting $1.32 per share in fiscal Q3 2026 profit. Revenue for the quarter also exceeded expectations at $628.3 million, and MongoDB guided higher as well. For all of fiscal 2026, MongoDB forecasts earnings between $4.76 and $4.80, and revenue of more than $2.4 billion."
"A second tech company pulling the market higher is Credo Technology Group ( Nasdaq: CRDO). Credo beat earnings by 18 cents last night with a Q2 profit of $0.67 per share. Revenue was an unexpectedly strong $268 million, and Credo guided for fiscal Q3 2026 revenue of $335 million to 345 million. The stock is up more than 15% premarket."
Cryptocurrency markets plunged Monday with Bitcoin down 6%, Ether down 8%, and Solana down 9%, while the Vanguard S&P 500 ETF fell 0.5%. Early Tuesday, crypto and some tech shares recovered, with Bitcoin up about 2% and VOO up 0.3% premarket. Traders anticipate a potential Federal Open Markets Committee rate cut next week, with market odds near 88%. Database software firm MongoDB beat Q3 fiscal expectations, reported $1.32 per share, higher revenue, and raised full-year guidance. Credo Technology beat Q2 estimates, guided higher for Q3 revenue, and rose over 15% premarket. Signet Jewelers beat Q3 earnings but warned about a measured consumer environment.
Read at 24/7 Wall St.
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