First Mover Asia: Ether Tumbles Under $1.5K; Ethereum Merge Could Ding Demand for Chips, however Semiconductor Shares May Nonetheless Be a Good Purchase - CoinDesk

Fairness markets additionally had their issues with the tech-focused Nasdaq and the S&P 500, which has a powerful expertise element, each declining greater than a share level, and the Dow Jones Industrial Common (DJIA) shedding about 0.5%. Buyers stay skittish about inflation and the looming robustness of the U.S. central financial institution’s subsequent rate of interest hike at its Federal Open Reserve Committee assembly in lower than per week. Observers of financial coverage extensively anticipate a 3rd, consecutive 75 foundation level improve, though the chances of a 100 foundation level rise ticked greater on Wednesday.