Live updates: Bitcoin holds near $82,000 as Nasdaq rebounds more than 1% — SkimNews
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- Nasdaq climbed 1.8% to a session high and the S&P 500 gained 0.9%, with the rebound led by the previously "roughed-up" AI space reversing last week's flight to defensives
- Healthcare and consumer staples, the defensive sectors that gained last week, posted modest losses as capital rotated back into AI stocks
- U.S. 10-year Treasury yield rose 3.3 basis points to 5.133%, reversing last week's bond surge after the equity tumble had pushed investors into "safe" fixed income
- Federal Reserve rate hike odds for next week's meeting climbed to 18%, up from as low as 12% last week as last week's inflation-fueled panic receded
- Bitcoin held near $82,000, unchanged from the prior session's level amid the broader risk-asset rebound
Why it matters: The rebound shows last week's equity selloff and bond rally was a panic trade, not a regime shift — but the 10-year yield climbing back to 5.133% and Fed rate-hike odds doubling from 12% to 18% in a week means the relief rally enters next week's FOMC against tightening financial conditions, not easing ones.
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