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The SPX index was up by 1.58% boosted by gains in chip stocks like AMD, Nvidia, Broadcom, and Taiwan Semiconductor after AMD's strong quarter. The market also responded positively to the Federal Reserve maintaining its funds rate but signaling a potential rate cut in September if inflation improves. Attention is now shifting to Friday’s crucial monthly jobs report. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 0.95% and 1.83%, respectively in the past 24 hours.
Today's top performer is BEAM, which surged 5.8% following its July updates recap, which included a custodial upgrade, new games, API distribution, and Gamescom preparation.