JUST IN: Ethereum rises 2.2% in 24 hours to about $2,515.
ETH is being supported by continued spot ETF inflows, tighter liquid supply from staking, and broader crypto strength ahead of Fed Chair Kevin Warsh’s Jackson Hole speech.
JUST IN: Bitcoin rises 2.88% to $80,699, holding above $80K.
The move comes amid 8 straight days of spot ETF inflows, Nvidia-led risk appetite and lower Treasury yields.
6/6 The setup is clear: AI earnings are pulling the S&P 500 higher, but market breadth and interest rates remain the test. If the Fed stays hawkish, can megacap tech keep carrying the index—or will this rally need broader participation?
1/6 The S&P 500 rose 0.72% to 7,730.73—but the headline hid a huge split: tech was the only sector in the green. Nvidia’s post-earnings surge did much of the heavy lifting. Here’s what’s happening 🧵
5/6 Macro risk hasn’t disappeared. Jobless claims fell to 203,000, signaling a stable labor market, while the Fed’s preferred inflation measure remains at 3.7%. Fed Chair Kevin Warsh’s Jackson Hole speech on Friday is now the next major catalyst.
JUST IN: Meta (META) falls 0.54% to $573.12 in Thursday trading.
The move comes amid scrutiny of Meta’s up-to-$18B youth-safety settlement, even as the S&P 500 rises.
JUST IN: Gold edges up 0.07% to $4,595.95/oz today.
The move comes as traders await Fed Chair Kevin Warsh’s Jackson Hole speech, with profit-taking offset by a softer dollar.
6/6 What matters next: Fed Chair Kevin Warsh speaks at Jackson Hole on Friday. If yields climb, tech faces a tougher test; if bond pressure eases, AI leaders could keep supporting the index. Can Nvidia’s momentum survive the rates test?
1/6 The S&P 500 entered Thursday with an AI tailwind: futures were +0.37% at 8:35 a.m. ET, while Nasdaq-100 futures jumped +0.95%. The key question: can AI strength overpower inflation? Here’s what’s happening 🧵
5/6 The labor data added another twist: initial jobless claims fell to 203,000 vs. 208,000 expected. A resilient labor market gives the Fed more room to stay focused on inflation rather than rush toward easier policy.
JUST IN: Gold falls 1.3% to $4,595.93/oz in Wednesday U.S. trading.
The drop comes as PCE inflation lifted Fed rate-hike bets and the dollar gained 0.3%, pressuring non-yielding bullion.
JUST IN: Ethereum falls 1.3% over 24 hours to about $2,447 after a sharp weekly run.
Profit-taking is weighing on ETH, while hotter U.S. inflation lifted Fed hike odds and strengthened the dollar.
JUST IN: Bitcoin falls 0.55% over 24h to $78,294 as BTC retreats below $80K.
The move comes amid hotter U.S. PCE inflation, which pushed September Fed rate-hike odds higher and pressured risk assets.
JUST IN: S&P 500 slips 0.04% to 7,673.98 in Wednesday trading.
Hotter-than-expected U.S. inflation and caution ahead of Nvidia earnings are keeping Wall Street near flat as Treasury yields rise.