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The S&P 500 dipped 0.1% last week after reaching new highs, as Alibaba’s AI chip plans pressured Nvidia and other AI stocks, weighing on the sector despite overall market resilience. Gold rose to a five-month high near $3,470 as rising Fed rate cut expectations and a weaker USD boosted demand despite strong US economic data. CoinDesk Indices, which track the broader crypto market, fell 2.45% in the past 24 hours, while Bitcoin and Ether down 0.68% and 0.39%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is POL, up 6.8% as Polygon approaches full completion of its MATIC-to-POL token upgrade.