"The Nasdaq exploded higher to close at an all-time high of 24,016, up a hefty 1.60%, while the S&P 500 closed up 0.80% at 7,022, also hitting a brand-new all-time closing high."
"Treasury Secretary Scott Bessent said that while he remains constructive on rate cuts in 2026, they may need to be moved out to later in the year."
"Gold was last seen at $4,790, down 1.03%, while the final trade for Silver was reported at $78.86, down 0.69%. The strength in the U.S. dollar was cited as a major reason for the decline."
"The cryptocurrency markets saw a slight correction yesterday following some big early-week gains, with Bitcoin holding above $74,000."
U.S. futures are trading higher following a significant rally on Wednesday, with the Nasdaq and S&P 500 reaching all-time highs. The Russell 2000 also gained, while the Dow Jones experienced a slight decline. Treasury yields increased as the market anticipates potential delays in interest rate cuts. In the energy sector, oil prices saw modest gains after previous declines. Precious metals, including gold and silver, faced selling pressure due to a strong U.S. dollar and profit-taking. The cryptocurrency market experienced a slight correction, with Bitcoin remaining above $74,000.
Read at 24/7 Wall St.
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