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Bitcoin Hits $1-Trillion Value, Nvidia Outweighs Google And Amazon, Hot Inflation Pauses Stock Gains: This Week In The Markets

Bitcoin (CRYPTO: BTC) surged past $50,000 this week, catapulting to a $1-trillion market valuation just a month after the Securities and Exchange Commission granted approval for the first spot Bitcoin exchange-traded fund.

AAPL

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S&P 500, Nasdaq 100 Snap 5-Week Streak As Hot Inflation Prints Dent Tech Stocks

S&P 500 and Nasdaq 100 ended 5-week winning streak due to higher than expected inflation reports, raising concerns about Fed rate cuts. Treasury yields rose, impacting markets negatively. Tech, consumer discretionary, and real estate sectors were affected. Major indices and ETFs saw mixed performance this week, with energy and materials sectors performing the best while technology sector saw a decline.

XLB

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“Israel Was Behind Attacks On Major Gas Pipelines In Iran, Officials Say; The Sabotage, Which Analysts Said Marked An Escalation In The Shadow War Between Israel And Iran, Caused Massive Disruption In Several Provinces” – NY Times

https://www.nytimes.com/2024/02/16/world/middleeast/iran-israel-attacks-gas-pipelines.html#:~:text=Israel%20carried%20out%20covert%20attacks,with%20Iran's%20Revolutionary%20Guards%20Corps. Israel carried out covert

EIS

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Tech Stocks Ease On Hot PPI, Yields Rise, Microsoft, Amazon Snap 5-Week Positive Streak: What’s Driving Markets Friday?

Wall Street takes pause after stronger-than-expected producer inflation report, potentially delaying Fed rate cuts and impacting major indices and stocks.

AMAT