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US Open: Stocks drop as yields rise, IMF warning, Chip stocks crushed on curbs, King Dollar advance stalls, Crude lower on demand fears, Gold still vulnerable, Bitcoin holds onto $19k for now, Google partners with Coinbase

Tech stocks are hovering near 2-year lows on bond market chaos and expectations for a gloomy earnings season. Investors are nervous after this week's inflation data, Fed tightening calls will demand for more aggressive hikes beyond November and that we could be seeing another major round of selling. The IMF slashed their global growth outlook and warned that the ‘worst is yet to come’.

11-10-2022 09:54 GMT by Edward Moya

Oil eases, gold takes a tumble

Oil eases amid more recession warnings Oil prices are paring recent gains for the second day as the IMF and World Bank warn of an increased risk of a global recession. Those warnings won't come as an enormous surprise given the immense economic headwinds as a result of the pandemic and Russia's invasion of Ukraine, not to mention the baffling decision by OPEC+ last week to cut output by two million barrels per day which will only add to them. Oil prices rose around 20% from their September lows

11-10-2022 03:16 GMT by Craig Erlam