“Dow and Nasdaq Rise; Latest Updates on Bitcoin – Live Coverage”


Bitcoin Price Update

The price of Bitcoin has risen to just over $46,000.

The Securities and Exchange Commission is expected to make a decision today on whether to approve the first exchange-traded fund for holding cryptocurrency.

Stock Market Update

The major stock indexes are showing modest gains, with technology shares leading the way after a rough start to the year. The S&P 500 is just 1% below its record high set two years ago.

Market Highlights

Bitcoin: The cryptocurrency reached a high of nearly $48,000 yesterday before falling back down. SEC Chair Gary Gensler has denied rumors that the agency approved spot Bitcoin ETFs.

Stocks: All three major indexes are trading higher after a week of declines at the start of the new year.

Meta Platforms: Shares of Facebook’s parent company are up nearly 4% after Mizuho issued a bullish outlook and raised its price target for the stock.

Microsoft vs. Apple: Microsoft is closing in on Apple for the title of most valuable U.S. company, with a market value over $1 trillion.

Treasury Yields: The yield on the 10-year bond remains steady at 4% after briefly dropping below this threshold.

Overseas Markets: Japan’s Nikkei 225 index reached a 34-year high, rising 2%.

Upcoming Events

Earnings Season: Major companies such as JPMorgan Chase & Co. and Bank of America are set to report this week.

Inflation Data: The U.S. will release consumer-price data on Thursday and producer prices on Friday.

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