A premarket tech stock selloff extended into the cryptocurrency market on Monday (January 27) ahead of a data-packed week that includes interest rate announcements from the US Federal Reserve and Bank of Canada.

Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.

The tech-heavy Nasdaq composite closed down nearly 3% on Monday, with shares of AI-focused chipmaker Nvidia plunging 17% and shaving nearly $590 billion from the company’s market cap.

Key Fed decision: The central bank’s expected decision today is the first following Trump’s return to office, which has been marked by a flurry of executive orders as the US president seeks to impose his agenda on Washington.

The semiconductor company's share price was down 7% as of 3:45 p.m. ET amid the backdrop of a 1.8% decline for the S&P 500 (SNPINDEX: ^GSPC) and a 3.5% decline for the Nasdaq Composite (NASDAQINDEX: ^IXIC).

XRP (CRYPTO: XRP) is falling in Monday's trading. XRP and other cryptocurrencies are seeing sell-offs in today's trading due to a combination of bearish catalysts. In addition to concerns about a new artificial intelligence (AI) model launched by a Chinese company,

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U.S. chip stocks were a mixed bunch with several joining Nvidia in the red. Cirrus Logic was down 2.2% while ARM Holdings' U.S. shares fell 2.1% and Broadcom lost 1.8%. On the other side of the fence Coherent Corp was up 3.6% and Advanced Micro Devices rose 2.6%. ASML's U.S. shares were last up 4.4%.

Asian shares are mostly higher in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in Septe

US stocks rose on Thursday, with the Nasdaq (^IXIC) and S&P 500 (^GSPC) eyeing a comeback as investors digested news that the US economy expanded slower than economists had expected in the last three months of the year.

The Fed's first interest rate decision of the year is due at 2 p.m. ET, with markets widely expecting the central bank to hold its lending rate steady. "Market pricing has shifted significantly higher since the U.

Billionaire investor says US stocks are in ‘very similar’ position as lead-up to internet bust at turn of millennium