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U.S. Stocks Fall as Tech Declines and Investors Await Alphabet Results

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR

  • U.S. stocks showed mixed performance as investors awaited Alphabet’s earnings results.
  • The Nasdaq Composite dropped over one percent while the Dow Jones gained slightly.
  • Private payrolls in the U.S. rose by only twenty-two thousand in January.
  • Tech stocks, including Alphabet, Meta, and Tesla, traded lower during the session.
  • AMD shares plunged despite reporting strong fourth-quarter results and guidance.

U.S. stocks traded mixed on Wednesday, as technology shares declined sharply, job data disappointed, and investors braced for Alphabet’s earnings. The Nasdaq Composite fell by over 1%, while the S&P 500 edged lower and the Dow gained. Markets responded to underwhelming private job figures and shifts in investor sentiment toward big tech.

Alphabet Earnings Loom as Tech Stocks Drop

Alphabet shares declined along with other large-cap tech names such as Tesla, Meta, and Nvidia during midday trading. Investors reduced exposure ahead of the company’s upcoming earnings release, which remains highly anticipated. Despite no major earnings warning, selling pressure increased across the tech-heavy Nasdaq index.

“Speculators have entered the market. The problem is that the construction of data centers includes very few people,” said Diane Swonk. Her comment underscored concerns that AI infrastructure growth isn’t contributing meaningfully to job creation. Alphabet’s performance will likely influence market direction into the end of the week.

While optimism remains around 2026–2027 profit expectations, immediate investor focus shifted to Q4 performance. Concerns about slower growth and earnings multiples pressured valuations across the Magnificent Seven. Meta, Nvidia, and Tesla were all trading lower in line with Alphabet’s downward movement.

U.S. stocks mixed after weak job gains

The S&P 500 dropped by 0.3%, the Nasdaq Composite fell 1.2%, and the Dow Jones Industrial Average rose 0.7%. U.S. stocks reacted quickly to January’s private payrolls data, which showed only 22,000 jobs were added, well below forecasts. ADP revised December’s numbers down as well, weakening optimism in labor market strength.

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Ryan Detrick from Carson Group said, “Analysts keep raising their earnings calls for 2026 and 2027,” which he noted is boosting the S&P 500. However, the weaker labor data has cast doubts on near-term momentum. The healthcare sector led hiring, while manufacturing and other sectors shed jobs.

S&P Global’s U.S. Composite PMI rose to 53.0 in January, slightly above December’s 52.7. The PMI reading exceeded expectations, suggesting some economic resilience despite job weakness. Yet investors showed more concern about employment trends than services activity growth.

AMD, Boston Scientific, and AbbVie Lead Decliners

AMD shares fell by 16%, even though the company posted earnings and guidance that surpassed Wall Street expectations. Investors appeared to focus on valuation and future growth rates rather than immediate performance. Selling intensified during the session despite the strong Q4 results.

Boston Scientific shares declined by 15.4% after it issued a 2026 outlook that did not match investor hopes. Though Q4 earnings beat estimates, future growth projections fell short. This triggered a broad reaction in the medical technology segment.

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AbbVie’s stock dropped 6.9% following its better-than-expected Q4 earnings release. The market responded negatively to guidance concerns. The pharmaceutical sector reflected broader investor caution across earnings-heavy sectors.

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Crypto World

Why is Bitcoin price falling today? (April 15)

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Bitcoin price has formed a descending triangle pattern on the daily chart.

Bitcoin price fell nearly 3% on Wednesday as investors booked profits following its sharp rally above $75,000 the previous day amid renewed hopes of U.S.-Iran peace talks. 

Summary

  • Bitcoin fell about 3% to an intraday low of $73,617 after a 7% rally the previous day, as traders took profits following the surge above $75,000.
  • Market sentiment was influenced by renewed hopes of U.S.-Iran peace talks, though geopolitical uncertainty and delays in negotiations kept volatility elevated.
  • Technical indicators remain bullish, with an ascending triangle pattern in play and key resistance near $76,000, while downside risk emerges below $72,000.

Bitcoin’s price fell today as investors booked profits following the sharp rebound yesterday. It is quite common for investors to take some profits, especially when such a sharp upside occurs after days of intense volatility amid geopolitical conflict situations.

The risk-off sentiment is not confined to Bitcoin and cryptocurrencies alone, as traditional safe-haven assets such as gold and silver have also fallen a bit today after crude oil prices moved up again following the sharp drop under $100 yesterday. 

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According to data from crypto.news, Bitcoin (BTC) price fell 3% to an intraday low of $73,617 on Wednesday after paring off some of its gains from the previous day when the bellwether rose 7% to nearly $76,000.

The rebound occurred amid renewed hopes of a more concrete ceasefire in place between the U.S. and Iran after reports emerged that Iran was ready to negotiate new terms regarding its nuclear program and maritime conduct.

Most recently, U.S. President Donald Trump told Fox News that the war is “close to over” after he hinted at a second round of face-to-face talks with Iran in Islamabad in the next two days. However, with Pakistan’s prime minister out of the nation till April 18, the talks could face some delays. 

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The diplomatic push follows after the U.S. initiated a naval blockade at the Strait of Hormuz to halt economic trade on all seaborne cargo going into and out of Iran.

The Iranian government had previously called the move state-sanctioned piracy, while they themselves implemented a controversial toll system in the area, reportedly to recoup losses for nearly $270 billion in direct and indirect damages on the nation since the start of the US-Israel war on Feb. 28.

Despite Bitcoin’s slight pullback today, its market structure continues to present a bullish bias for the coming sessions. 

On the daily chart, Bitcoin’s price action has been forming an ascending triangle which is a bullish continuation pattern if the price breaks out above the resistance level. At press time, Bitcoin’s price action was hovering closer to the upper horizontal trendline of the pattern, which suggests that a decisive move by bulls could confirm the pattern.

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Bitcoin price has formed a descending triangle pattern on the daily chart.
Bitcoin price has formed a descending triangle pattern on the daily chart — April 15 | Source: crypto.news

Technical indicators further support this bullish outlook. Notably, the MACD lines have pointed upwards while the RSI bounced back from neutral threshold to 60, showing there is still room for further appreciation before hitting overbought territory.

Hence, the next key resistance for Bitcoin lies at $76,000. A break above the trendline could trigger a rally toward the $80,000 mark.

On the contrary, if Bitcoin price were to fall below $72,000, it could invalidate the current bullish setup and lead to a retest of support near $70,000.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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SocGen-FORGE Brings MiCA-compliant USD Stablecoin to MetaMask

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Cryptocurrencies, France, Europe, Adoption, Stablecoin, MiCA, MetaMask

Societe Generale-FORGE, the digital asset arm of French banking giant Societe Generale, has integrated its Markets in Crypto Assets Regulation (MiCA)-compliant USD CoinVertible (USDCV) stablecoin into MetaMask, giving the wallet’s millions of users access to a regulated dollar token issued by a major European bank.

The company said in a release on Wednesday that under the partnership with Consensys, USDCV, which is backed by cash and cash-equivalent reserves and issued under French electronic money regulations, will be surfaced in MetaMask on mobile and web. The token is redeemable 1:1 in dollars and will be made available for functions including trading, decentralized finance interaction and fiat on-ramping, with Transak serving as the on-ramp provider.

The move expands access to one of the few dollar stablecoins issued by a major European bank. It also comes as regulated issuers seek to turn MiCA compliance into a commercial advantage by distributing tokens across widely used crypto platforms. SG-FORGE CEO Jean-Marc Stenger said the MetaMask rollout is intended to broaden access to compliant digital assets.

Under the European Union’s new framework, a growing but still relatively small pool of approved stablecoin issuers, with around 10 entities authorized so far, is competing for market share, making integrations with wallets like MetaMask increasingly important.

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Consensys CEO Joseph Lubin said in the release that stablecoins are becoming a more important part of digital financial infrastructure.

Cryptocurrencies, France, Europe, Adoption, Stablecoin, MiCA, MetaMask
Societe Generale -FORGE partners with Consensys for MetaMask integration. Source: Societe Generale-FORGE

Cointelegraph reached out to Societe Generale-FORGE and Consensys for comment but had not received a response by publication.

Related: ECB backs tokenized EU capital markets with strict guardrails

SG-FORGE expands multichain stablecoin strategy

SG-FORGE also issues EUR CoinVertible, a MiCA-compliant euro stablecoin first launched on Ethereum (ETH) in 2023. The token has since expanded as part of a multichain strategy to Solana, the XRP Ledger and Stellar, while USDCV is available on Ethereum and Solana and listed through several exchanges and partners, according to SG-FORGE.

The euro-denominated token has been part of broader efforts by Societe Generale-FORGE to test tokenized financial infrastructure, including participation in experiments involving tokenized bonds and settlement through blockchain networks.

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