Trump Trade Boosts Stocks, Bitcoin Run at $100,000: Markets Wrap
- Bitcoin climbs above $98,000 as crypto czar role considered
- Oil and gold rise after Ukraine reports an overnight attack
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Stocks ended the day higher as traders contemplated a new US administration keen on deregulation. Bitcoin blew past $98,000 while the dollar gained and Treasury yields rose.
The S&P 500 advanced 0.5% after a choppy morning session spurred by swings in Nvidia Corp. and angst about the war in Ukraine. The Nasdaq 100 climbed 0.4% after dropping more than 1% earlier in the day. The fierce rally in Nvidia hit a speed bump following outlook that missed Wall Street’s high expectations. The stock resumed its climb in the final hours of trading to end the day in the green but shy of its latest all-time high.