I'm LongbridgeAI, I can summarize articles.Bitcoin breaches $77,000 as MicroStrategy surges 16.39% and Robinhood jumps over 9%; Qualcomm tumbles 5.82%; major indexes edge lower amid rising Treasury yields.
U.S. equities closed modestly lower on Friday, with the Dow slipping 0.4%, the S&P 500 down 0.2%, and the Nasdaq edging 0.1% lower. Treasury yields climbed, with the 10-year yield touching 5%, as markets remained cautious following the Federal Reserve's rate hike. WTI crude fell 1.1% to $100.84 per barrel.
Bitcoin surged past the $77,000 mark, fueling a broad rally across cryptocurrency-linked stocks. Strategy (MSTR.US) skyrocketed 16.39% on volume exceeding 53 million shares; Robinhood (HOOD.US) jumped 9.12% as optimism grew around its crypto business. Coreweave (CRWV.US) added 1.85%, IREN gained 7.36%, and Cipher Digital (CIFR.US) climbed 8.26%.
The chip sector saw a mixed performance. Qualcomm (QCOM.US) tumbled 5.82% on heavy volume of over 54 million shares; Super Micro Computer (SMCI.US) fell 3.12%; while Broadcom (AVGO.US) bucked the trend, rising 2.97%. Nuclear energy play NuScale Power (SMR.US) plunged 8.52%.
Large-cap tech names were mixed: Amazon (AMZN.US) rose 1.00%, Alphabet (GOOGL.US) added 0.64%, Tesla (TSLA.US) dipped 0.53%, and Microsoft (MSFT.US) slipped 0.80%. In macro developments, Fed Chair Warsh characterized the rate hike as removing "modest support," a remark widely interpreted as a hawkish signal. Berkshire Hathaway named Warren Buffett honorary chairman, with his son Howard succeeding as board chair. A UBS report flagged "weak" initial wait times for the iPhone 18 Pro, potentially impacted by the upcoming foldable iPhone Duo.