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The SPX index was up by 1.07%, part of a broader tech-led rally driven by strong gains in semiconductor stocks like Nvidia and AMD. The rally followed the release of August inflation data, which showed easing headline inflation but higher-than-expected core inflation. This data spurred speculation that the Federal Reserve might opt for a smaller 25 basis point rate cut in its upcoming meeting. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.56%, with Bitcoin and Ether dropping by 0.56% and 1.27%, respectively in the past 24 hours.
Today's top performer is EIGEN, which surged 7.15% following the launch of LayerAI's decentralized GPU computing for on-demand AI power.