Financial Markets See Mixed Moves As Crypto Interest Grows
What’s going on here?
Stocks and crypto are climbing, despite rising treasury yields, with corporate strategies catching investors’ eyes.
What does this mean?
The NYSE Financial Index climbed 1.1%, and the Financial Select Sector SPDR Fund rose 1.3%, indicating solid financial stock performance. Conversely, the Philadelphia Housing Index fell 0.5%, while the Real Estate Select Sector SPDR Fund increased 0.4%, reflecting a mixed housing market outlook. Bitcoin jumped 2.9% to $104,467, underlining cryptocurrency‘s volatility. Ten-year US Treasury yields surged nearly 12 basis points to 4.51%, signaling changing economic expectations. Job growth remains strong, with nonfarm payrolls adding 139,000 jobs in May. Meanwhile, consumer credit…
