The S&P 500 and Nasdaq Composite indices posted modest gains in New York trading.
Bond yields surged, fueled by expectations of higher interest rates. Economists at Bank of America reaffirmed their forecast that the Federal Reserve will raise rates in October and December.
Strategists at the same bank cautioned investors to prepare for rates above 5%.
Bitcoin rallied over 6%, surpassing $US81,000 in value.
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