Broad US stock rally lifts risk sentiment
All three major US indexes gained over 2% for the first time since April, and the S&P 500 closed up 2.35%. Some argue the recent low is in.
What we know
Market news accounts report the Nasdaq rose 2.7% and left correction territory. The S&P 500 closed at 7550, up 173 points, and breadth was the strongest of the year. Coinbase's recap lists the S&P up 2.35% and its own approval as a national trust bank. Tom Lee of Fundstrat says last week was the low, while an analyst argues that bear-market bottom indicators are flashing. On-chain traders note most large BTC shorts on Hyperliquid were entered below $80k, so a rally could force covering.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.