FWDI fell about 11.5%, deeper than its earlier roughly 5.5% decline, as a broad risk-off session pushed the S&P 500 down 1.9%, the Nasdaq down 3.1%, and the VIX up 23.7%. Crypto-linked peers also fell, with Coinbase down 13.9% and MicroStrategy down 8.7%, while a reported Binance hack affecting $6.3 billion in assets added pressure to crypto risk appetite source. There was no new company catalyst for FWDI itself, and volume was only modestly above normal.
FWDI fell about 11.5%, deeper than its earlier roughly 5.5% decline, as a broad risk-off session pushed the S&P 500 down 1.9%, the Nasdaq down 3.1%, and the VIX up 23.7%. Crypto-linked peers also fell, with Coinbase down 13.9% and MicroStrategy down 8.7%, while a reported Binance hack affecting $6.3 billion in assets added pressure to crypto risk appetite source. There was no new company catalyst for FWDI itself, and volume was only modestly above normal.