PCE rebounded sharply, and the three major U.S. stock indexes opened lower

According to Jinshi News, the Dow Jones Industrial Average fell 408 points, the SP 500 fell 1.41%, and the Nasdaq fell more than 2% when the U.S. stock market opened. Meta Platforms (META.O) fell 14% as the company's Q2 revenue guidance fell short of expectations. The crypto sector fell across the board, with Riot Platform falling 6.4%, Marathon Digital (MARA.O) falling 6.2%, and Coinbase (COIN.O) falling 3.2%. On the news front, it is said that the U.S. Securities and Exchange Commission is expected to refuse to approve the spot Ethereum ETF next month.