U.S. major indices rose for the fourth consecutive session, driven by strong performances in AI-driven megacap stocks. Alphabet, AMD, and Nvidia led the rally, contributing to the market's upward momentum. Bitcoin also saw a significant rebound, climbing to $90,000, marking a 12% increase from its recent low.
In a related development, Canada announced a $500 million support package for its steel and lumber sectors in response to U.S. tariffs, underscoring ongoing trade tensions. Additionally, institutional access to Bitcoin derivatives improved with IBIT increasing its options trading capacity to one million contracts.
U.S. Indices Climb as Tech Stocks Surge and Bitcoin Rebounds
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
