This content was published on
August 25, 2026 - 10:50
3 minutes
(Bloomberg) — Stocks rose as a selloff in chipmakers fizzled, while Bitcoin rallied past $80,000 and oil extended declines.S&P 500 futures climbed 0.3%, while those for the Nasdaq 100 advanced 0.6%. Stocks in Europe and Asia were also stronger. Nvidia Corp. was poised to break its longest losing streak since 2022. Brent fell toward $90 a barrel, while gold snapped a four-day stretch of gains. Treasuries and the dollar were steady.Chip stocks are finding their footing a day before the latest earnings report from Nvidia, which has for years been a bellwether for the artificial intelligence trade. More recently, it has also become involved in orchestrating funding for projects across the technology’s ecosystem.Markets are also watching the US Treasury’s next moves, with long-dated yields still trading near multi-decade highs. A slate of economic data and a key speech by Federal Reserve Chair Kevin Warsh at the end of the week will further shape the direction of bonds and expectations for interest rates.Bitcoin, meanwhile, hit its highest level since mid-May. The rally is benefiting from a return of optimism to the long-beaten-down crypto sector after Treasury Secretary Scott Bessent’s intervention in the bond market last week fueled demand for alternatives to the dollar.Jefferies International’s chief economist and strategist for Europe, Mohit Kumar, said the firm is positive about the market “despite all the things that can potentially go wrong” in the coming weeks.“There is still a lot of cash in the system which needs to be invested,” he noted. “Positioning remains light in equities and we do not think that central banks are in an aggressive hiking mode.”Corporate Highlights:Volkswagen AG labor representatives warned that the carmaker’s planned cuts could eventually affect as many as 140,000 jobs as management prepares to take its restructuring pitch to workers. Oura Healh Oy, a maker of smart rings that track health, fitness and sleep, and some of its backers are seeking to raise as much as $3 billion in a US IPO, according to people familiar with the matter. Some of the main moves in markets:StocksThe Stoxx Europe 600 rose 0.3% as of 9:47 a.m. London time S&P 500 futures rose 0.3% Nasdaq 100 futures rose 0.6% Futures on the Dow Jones Industrial Average rose 0.2% The MSCI Asia Pacific Index rose 0.4% The MSCI Emerging Markets Index rose 0.4% CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1666 The Japanese yen fell 0.1% to 159.34 per dollar The offshore yuan was little changed at 6.7224 per dollar The British pound was little changed at $1.3639 CryptocurrenciesBitcoin rose 1.3% to $79,978.51 Ether rose 0.4% to $2,485.7 BondsThe yield on 10-year Treasuries was little changed at 4.70% Germany’s 10-year yield was little changed at 3.25% Britain’s 10-year yield was little changed at 5.06% CommoditiesBrent crude fell 1.7% to $90.63 a barrel Spot gold fell 0.4% to $4,632.33 an ounce This story was produced with the assistance of Bloomberg Automation.©2026 Bloomberg L.P.
