"The tech-heavy Nasdaq got another big day from software stocks, posting a 1.96% gain to 26,369, while the small-cap Russell 2000 added another strong showing, closing at 2,705, up 1.32%."
"The combination of the potential for ongoing ceasefire chatter and the International Energy Agency's cut to its demand outlook brought sellers into the energy complex."
"Gold closed trading on Tuesday at $4,839, up 2.11%, while Silver was last quoted at $79.41, up 5.25%."
"The cryptocurrency market staged a powerful comeback, with Bitcoin climbing past the $74,000-$75,000 mark to notch its highest level in a month."
Major indices on Wall Street finished positively, with the Nasdaq gaining 1.96% and the S&P 500 up 1.18%. Treasury yields fell, except for short maturities. Oil prices dropped significantly due to demand outlook cuts, with Brent Crude down 4.47%. Precious metals saw gains, with gold up 2.11%. The cryptocurrency market rebounded, with Bitcoin surpassing $74,000, driven by short covering and renewed risk appetite, though opinions on its significance vary.
Read at 24/7 Wall St.
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