Bitcoin Tests $80K as Rate Hike Bets Ease; Tyson Cuts Outlook

MacroDigital FinanceDigital Finance

โดย Seeking Alpha·

Summary · why it matters

Wall Street's major averages traded higher on Thursday after investors digested jobless claims and trade data, with the Dow up 0.8%, the S&P 500 up 0.6%, and the Nasdaq Composite up 0.9%. Bitcoin surged more than 3% to approximately $79,800 as traders scaled back bets on a Federal Reserve rate hike following higher-than-expected jobless claims and dovish comments from Fed Governor Christopher Waller, with the probability of a September hike falling to 50.4% from 63.2%. The U.S. ISM Services PMI expanded for the 26th consecutive month, rising to 55.4 in August from 54.1 in July, surpassing consensus estimates. Tyson Foods cut its annual revenue growth guidance to 1.5%–2% from 2.5%–3.5%, citing severe cattle shortages and food inflation, and now expects adjusted operating income between $1.85 billion and $2.05 billion. PayPal shares rose 0.7% on renewed takeover speculation following a Betaville alert, though it remains unclear if interest comes from the Stripe and Advent consortium or a rival bidder.