Posted 1/10/2024, 4:33:00 PM
Stocks Edge Up Ahead of Inflation Data; Bitcoin Spikes on False ETF News
- U.S. stocks made small gains ahead of key CPI inflation data and the start of earnings season
- Cryptocurrencies remained in focus after a false bitcoin ETF approval announcement sent prices spiking
- Market breadth has been narrow recently, with just 26% of S&P 500 stocks outperforming the index
- Intuitive Surgical was the top S&P 500 gainer, buoyed by better-than-expected preliminary results
- Treasury yields were little changed, though the 30-year yield ticked up 2 basis points to 4.20%