Stocks Rebound, Remain on Track for Weekly Losses
Schaeffers·- Wall Street stocks rebounded at midday, led by gains in financial and crypto-related equities. - Despite the session's recovery, major indexes remained on track for weekly losses, snapping recent winning streaks. - Key market movements included Robinhood shares rising 12.8% on Bitcoin's surge, Circle advancing 7.8% following an IBM patent acquisition, and Alibaba dropping 7.2% after reporting a 75% plunge in first-quarter net profit.Bitcoin Soars 14%+ in 2 Days as Trump and Crypto Executives Make Final Push for Clarity Act
AASTOCKS News·- Bitcoin surged over 14 % in two days to reach its highest level since June, trading at USD73,424 alongside gains in crypto-related stocks. - The rally was driven by plummeting US Treasury yields, USD2.7 billion in short liquidations, and capital inflows into the cryptocurrency market. - White House officials and crypto executives met to advance the Clarity Act, with President Trump urging Congress to pass the bill before year-end.