Stocks
US Stocks Rally Amid Trade Concerns and Bitcoin Surges Past $80,000
US stocks made gains on Tuesday as investors seemingly shrugged off concerns about new trade measures against Canada and Iran, looming Nvidia earnings, and predictions for Kevin Warsh's first Jackson Hole speech as Fed chair.
The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) rose by approximately 0.4%, while the tech-heavy Nasdaq Composite (^IXIC) advanced by 0.7% after Monday's declines in the sector.
The price of Bitcoin briefly surged above $80,000 for the first time in three months as investors turned to alternative assets due to Treasury intervention in the bond market and concerns about dollar debasement.