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The SPX index was up by 0.42%, investors responded to Fed Chair Powell's remarks, where he indicated that the Federal Reserve could still cut rates twice this year, depending on economic conditions. Markets are now anticipating a 65% chance of a 25 basis point rate cut in November, with key economic data such as the September jobs report and PMIs being closely watched. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.56%, with Bitcoin and Ether dropping by 3.85% and by 1.81%, respectively in the past 24 hours.
Today's top performer is CLOUD, which surged 10.7% following the launch of Windfall - Innovative Gaming and Staking Rewards on Solana.