Bitcoin (CRYPTO: BTC) punched through $80,000 on Friday, driving a rally in crypto equities even as broader markets stalled under rising bond yields. Kansas City Fed President Jeffrey Schmid delivered a hawkish signal, defending rate hikes against sticky, broad-based inflation above 3%.
Bond yields spiked in response: The 10-year Treasury note surging 7 basis points back to 5%. 34%.
26, extending a mid-week retreat even as supply concerns tied to Saudi Arabia and the broader Middle East stayed live. 92 per MMBtu, keeping the energy inflation story on the table.
(NYSE:IBM) was the heaviest weight on the blue-chip index, falling 3%. 62.
7% for September. 4%.
24. m.
2%. 7%.
1%. 9%.
2%, with the Technology Select Sector SPDR Fund (NYSE:XLK) essentially flat behind it. 1%.
2% as banks and asset managers traded in the red on the back-up in yields. 7%.
S. 2%.
4%, recovering some ground lost when AI security concerns prompted investors to reconsider the pace of datacenter spending. 3% on the memory bid.
3%. 4% on the same digital-asset treasury trade.
6%. (NASDAQ:STLD) slid alongside it on its own soft guide.
17, with Planet Labs PBC (NYSE:PL) down 4% alongside them. 07, another high-beta casualty of the rotation out of long-duration speculative growth as real yields pushed higher.
70. The move follows a roughly 18% one-month run built on the company’s multi-generational AI datacenter collaboration with Amazon announced Sept.
1% as record-high diesel prices pressure demand for full-size pickups and SUVs that generate the bulk of GM’s margin.
