Bitcoin's price movement has decoupled from the equity assets it had been closely tracking.

Intel's stock closed down 4.6%, erasing almost $27 billion in market capitalization, following Nvidia's entry into the PC chip market.

The New Glenn rocket was slated to deploy satellites for Amazon's LEO network, a competitor to Starlink.

Bitcoin has been selling off and has not participated in the recent equity market rally.

The worst performing S&P 500 sectors for the day were Utilities (-3%), Consumer Discretionary (-2.6%), and Real Estate (-1.7%).

Credo Technology Group guided for first-quarter revenue of $465 million to $475 million, which is above the consensus estimate of $460 million.

Credo Technology Group reported fourth-quarter revenue of $437 million, slightly above analyst estimates.

Blue Origin's New Glenn rocket exploded on a Florida launchpad during a test.

Despite a broad market decline, the S&P 500 saw only two sectors, Information Technology (+2.5%) and Energy (+1.9%), finish with gains.