Bonds surged, and stocks advanced as the Federal Reserve implemented its third consecutive interest rate cut.

Oracle shares dropped over 11% in premarket trading after the company missed cloud revenue estimates and announced plans to raise AI infrastructure spending to $50 billion annually.

EUR/USD remains bid near two-month highs at 1.1700, favored by US Dollar weakness.

Bitcoin is often referred to as “digital gold,” but its price performance since the beginning of the year has been nothing like that of the precious metal.

In the press conference, Powell blamed tariffs and said the BLS overestimated jobs.