Declines in tech and crypto sectors close out a turbulent October

As October closes, markets have been affected by a government shutdown and concerns over tech giants' AI spending. The month has seen significant fluctuations, including a notable drop in major tech stocks like Meta and Microsoft, which reported an 11.3% drop in Meta's stock—a three-year low. Despite these declines, gold prices increased by 1.96%, reflecting a shift towards safe haven investments amidst economic uncertainty. Major cryptocurrency sectors also faced setbacks, with all significant players closing in the red. While crypto equities demonstrated some resilience, sectors like Layer 2 and Launchpad suffered severe losses, with Launchpad down by 15.8%. Overall, the impact of economic policies and investor sentiment has led to a turbulent market environment, emphasizing the need for patience and clarity among investors during this volatile period.

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