Wall Street Seeks Rebound After Slump; Bitcoin and Stocks Rise While China Faces Downgrade
• Wall Street set for rebound after 2-day slump; ADP jobs data misses expectations • Bitcoin and Ethereum surpass $1 trillion combined market valuation • Chinese stocks face pressure after Moody’s downgrades country’s credit outlook • Mortgage applications see 5th straight week of growth as rates decline • Nvidia, Tesla stocks edge higher in premarket on positive announcements