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Highlights From Jan. 6 Hearing With Cassidy Hutchinson

Tech stock selloff, mixed inflation messages and jarring January 6 testimony.

Yesterday's stock rout was again led by the tech sector, with the Nasdaq 100 Index closing more than 3% lower. The drop in stocks came after a measure of consumer confidence for the US came in significantly lower than forecast. Nasdaq futures show little sign of a bounce in today's trade, with focus remaining firmly on the outlook for growth and inflation as the first half of the year comes to a close. There is also little sign of bullishness in the crypto space, with Bitcoin back under $20,000 this morning. Analysts are becoming increasingly concerned that the largest digital token cannot break above that level, with some expecting a fresh "washout" decline before a bottom is found.