AI Gives Stocks a Lift, Dollar Mixed Tracking Fed, Tariffs
UNITED STATES, JUL 31 – The Federal Reserve held rates steady amid persistent inflation while new US tariffs affected trade with India and South Korea, and tech earnings boosted market sentiment.
- Microsoft joined the $4 trillion market value club Thursday amid strong tech earnings and investor enthusiasm for artificial intelligence.
- This milestone occurred as investors increasingly concentrated on AI-related stocks, while traditional market leaders weakened and indicators of consumer economic health showed signs of deterioration.
- Meanwhile, the cryptocurrency BNB fell 4.5%, dropping from $805.7 to $766 amid heavy sell orders and volume surges near $803, reflecting broader crypto losses.
- The CoinDesk 20 index dropped 5.8% in 24 hours, while President Trump's tariffs started to take effect, pushing the U.S. dollar index above 100 for the first time since May.
- These developments suggest markets rely on concentrated tech strength and AI gains, but face mixed investor sentiment from fading rate cut hopes and new trade tariffs.
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Why is BNB Down Today? Tariffs, Stronger Dollar and Fed Policy Weigh on Crypto Markets
BNB fell more than 4.5% in the last 24 hours, dropping from around $805.7 to $766 at the time of writing as investors move away from risk assets as U.S. interest-rate cut hopes faded.The selling accelerated near $803, where a surge in trading volume, roughly 56% above average, marked a turning point, according to CoinDesk Research's technical analysis model. BNB sank sharply from there, slicing through short-term support zones near $789 and $777…
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AI gives stocks a lift, dollar mixed tracking Fed, tariffs
Investor enthusiasm for artificial intelligence helped lift Wall Street Thursday as Microsoft surfed a tech wave to pass $4 trillion in market value even as traders weighed Federal Reserve rates caution.
Coverage Details
Total News Sources45
Leaning Left7Leaning Right9Center9Last UpdatedBias Distribution36% Center, 36% Right
Bias Distribution
- 36% of the sources are Center, 36% of the sources lean Right
36% Right
L 28%
C 36%
R 36%
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