US Markets Close Lower: DJIA Drops 592 Points, Nasdaq Falls 1.6%, Crypto Stocks Tumble

Market Performance: US stock markets opened lower on Thursday, with the DJIA down 592 points (1.2%), Nasdaq down 363 points (1.6%), and S&P 500 down 84 points (1.2%) amid heightened risk-off sentiment and a sell-off in tech stocks.

Tech Stock Declines: Major tech companies faced significant losses, with Microsoft down 5%, Amazon down 4.4% after earnings, Tesla down 2.2%, Nvidia down 1.3%, and Apple down 0.2%.

Earnings Reports: Alphabet reported a 30% profit increase, exceeding expectations, but its stock initially dropped 8% before closing down 0.6%. Qualcomm beat expectations but provided disappointing guidance, leading to an 8.5% decline in its stock.

Cryptocurrency Market: Bitcoin fell over 15% to $62,300, impacting related stocks like Strategy, which dropped 17%, and Coinbase, which fell 13%.