๐จ US STOCKS MIXED AS OIL PRICES & BOND YIELDS RISE
Wall Street ended Wednesday mixed as higher oil prices and elevated bond yields weighed on sentiment, while stronger U.S. economic data supported the outlook for growth.
๐ Key Points:
โข S&P 500: -0.3% to 7,652
โข Dow Jones: -0.9% to 50,906
โข Nasdaq: +0.2% to 26,861
โข U.S. Q2 GDP growth revised to 2.2%
โข Fedโs preferred inflation gauge: 3.4% YoY
โข Oil prices rose as U.S.โIran talks over the Strait of Hormuz showed little progress
๐ Market Insight:
The combination of higher oil prices, elevated Treasury yields and persistent inflation pressure remains an important macro signal for risk assets, including crypto.
๐ช Theme to Watch: BTC & U.S. Risk Assets
#Bitcoin #crypto #stockmarket #oil #Inflation $BTC $BZ $CL
Wall Street ended Wednesday mixed as higher oil prices and elevated bond yields weighed on sentiment, while stronger U.S. economic data supported the outlook for growth.
๐ Key Points:
โข S&P 500: -0.3% to 7,652
โข Dow Jones: -0.9% to 50,906
โข Nasdaq: +0.2% to 26,861
โข U.S. Q2 GDP growth revised to 2.2%
โข Fedโs preferred inflation gauge: 3.4% YoY
โข Oil prices rose as U.S.โIran talks over the Strait of Hormuz showed little progress
๐ Market Insight:
The combination of higher oil prices, elevated Treasury yields and persistent inflation pressure remains an important macro signal for risk assets, including crypto.
๐ช Theme to Watch: BTC & U.S. Risk Assets
#Bitcoin #crypto #stockmarket #oil #Inflation $BTC $BZ $CL
