Stocks climb as 10-year yield sets a new high near 5.3%
The S&P 500 gained 0.66% on Monday while the 10-year Treasury yield reached about 5.3%, a 52-week high. Weak payrolls trimmed Fed hike bets, and bitcoin barely moved overnight.
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CFTC opens crypto rulemaking as bitcoin slips 1% to $85.6k
The CFTC launched an advance notice of proposed rulemaking on crypto exchanges, while US stocks were mixed under 5.25% Treasury yields and bitcoin drifted lower through the US session.
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Nvidia lifts Nasdaq to a record; bitcoin fades to $85.8k
Wall Street ended the week higher on soft jobs data and Nvidia-led tech gains. Bitcoin slipped 0.9% from the 00:00 UTC open on Monday after a spike toward $87k.
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Payrolls miss lifts stocks, but bitcoin sells the spike
A weak September jobs report pared Fed hike bets and lifted US stocks, while Europe fell on bond-yield worries. Bitcoin spiked on the data, then gave it all back.
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Bitcoin squeezes past $86k as September payrolls loom
Bitcoin jumped in the 04:00 UTC hour on short covering and lower yields. The September jobs report, due at 08:30 ET, is the day's swing factor.
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Hot ISM prices gauge stalls rally; bitcoin gains 1.4% to $84.8k
Wall Street edged higher on the first session of October as the 10-year yield eased to about 5.24%, though a hot ISM prices-paid reading kept inflation worries alive. Bitcoin climbed 1.4% from the 00:00 UTC open.
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Dow ends September down 4.9% as 10-year yield hits 5.29%
Wall Street ended September with the Dow down 4.9% on the month as Treasury yields kept climbing despite a cooler PCE print. Bitcoin is up 0.9% since the 00:00 UTC open.
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Cooler PCE trims October hike odds; bitcoin tags $85.6k, then fades
A softer-than-expected PCE reading pushed October hike odds down to about 35%, but bitcoin sold the news: a spike to $85,650 at the 12:00 UTC hour had faded to $83.9k by the evening.
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Brent slips 2% as PCE looms with an October hike at 73%
Oil eased and US stocks recovered from their lows on Tuesday, but the day's setup is August PCE inflation, with markets pricing a 73% chance of an October Fed hike.
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Markets pause after Monday's slide as jobs and PCE data loom
No new shock overnight: attention turns to JOLTS, consumer confidence and Wednesday's PCE inflation print, with rate-hike odds for the Fed's October 28 meeting near 72%.
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