Stocks Struggle After Tech-Led Bounce; Oil Climbs: Markets Wrap
- HSBC says Goldilocks scenario may flip as Fed bets overdone
- SEC says it has not yet granted approval of spot-Bitcoin ETFs
This article is for subscribers only.
Stocks struggled to gain traction a day after a tech-led rally as Treasury 10-year yields remained above 4%. Oil climbed.
Commodity and financial shares led declines in the S&P 500. The megacap space was mixed, with Nvidia Corp. up and Tesla Inc. down. The US Securities and Exchange Commission said it had not yet granted approval of spot-Bitcoin exchange traded funds, despite a post on X that appeared from the regulator’s official account.