The next jobs data, due Friday, could further broaden the stock's rally beyond tech shares if nonfarm payrolls come in strong, Morgan Stanley says.
Tech stocks rebounded, and Palantir delivered an exceptional earnings report.
Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.
While some on Wall Street think stocks are spring-loaded for gains after the Fed cuts interest rates, JPMorgan has a more measured view.
Shares Fell 15% in Extended Trading Tuesday
The August reading of the Institute for Supply Management’s manufacturing index slumped for a fifth straight month with a rebound from July but remaining below the 50 threshold.
U.S. stocks tracked by Nasdaq 100 and S&P 500 fell as much as 3.5% lower on Tuesday to kick off a historically bearish September month.
The X accounts of Donald Trump's daughter-in-law and daughter were apparently hacked Tuesday evening to promote a token purportedly tied to World Liberty Financial, the upcoming crypto project touted by family members in recent days. Lara and Tiffany Trump, the wife of Eric Trump and daughter of Donald Trump, respectively, tweeted what they described as "the only official" blockchain addresses for World Liberty Financial. Not long after, Eric, the middle son of former President Trump, posted on X that the two profiles had been compromised and the addresses were a "scam."
The incident comes hours after CoinDesk revealed details of the crypto project the Trump family has recently touted.
Japan's expected rate hikes could restart the unwind of the yen carry trade and impact US stocks, SocGen's Albert Edwards said.
