Market

Wall Street Rallies as Tech Stocks Soar and Bitcoin Debuts with Explosive Gains

Market Closes Mostly Higher Amid Economic Data and Earnings Focus

Major US stock indexes finished Wednesday's session with solid gains as investors digested key economic indicators including job openings and factory orders data. The trading day saw significant movement in technology stocks and a dramatic debut for American Bitcoin Corporation.

Tech Giants and Earnings in Spotlight

Hewlett Packard Enterprise, Salesforce, and Figma are poised to release their financial results after market close, keeping earnings season momentum alive. Meanwhile, Alphabet delivered an impressive performance, surging 9.14% and contributing significantly to index gains.

Index Performance and Currency Movements

The Nasdaq 100 climbed 0.79% while the S&P 500 advanced 0.51% by 4:00 pm ET. The Dow Jones remained essentially flat at closing. In currency markets, the euro gained 0.16% against the dollar, trading at $1.16594 at 3:59 pm ET.

Bitcoin Debut Creates Market Excitement

American Bitcoin Corporation made a spectacular Nasdaq debut, skyrocketing 92% during a highly volatile trading session, capturing significant investor attention and adding to the day's market drama.