"Market Update: Dow Falls, Bitcoin Surges as Wall Street Awaits Inflation Data"

1 min read
Source: Yahoo Finance
"Market Update: Dow Falls, Bitcoin Surges as Wall Street Awaits Inflation Data"
Photo: Yahoo Finance
TL;DR Summary

US stocks were mostly flat as investors awaited crucial inflation data, with the Dow falling 0.5% and the S&P 500 slipping 0.1%, while the Nasdaq traded flat. Bitcoin surged to two-year highs, surpassing $57,000 per token, buoyed by a large investment from MicroStrategy. Consumer confidence fell from a two-year high, and Macy's announced plans to close 150 stores. Additionally, shares of Viking Therapeutics soared 70% after positive trial results for its weight-loss treatment, while Whirlpool's guidance reflected continued pressures in the housing market.

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