Market Movers Tuesday: MongoDB, Boeing Surge, Bitcoin Surpasses $90,000
U.S. Stock Market Rebound: U.S. stocks rebounded modestly after a pullback, with the S&P 500 up 0.4% and the Nasdaq 100 climbing 0.9%, driven by strong performance in the tech sector, particularly MongoDB, which surged 25% after a successful quarter.
Boeing's Positive Outlook: Boeing's stock rose 9% following optimistic projections from its CFO regarding increased deliveries of the 737 and 787 models in 2026 and a forecast for positive free cash flow next year.
Cryptocurrency Recovery: Bitcoin rebounded 5.5% to over $90,000, while Ethereum and Solana also saw significant gains, with Ethereum rising above $3,000 and Solana jumping 10% to $140.
Bond Market Stability: After a spike in yields, 30-year Treasury yields steadied near 4.75%, while the iShares 20+ Year Treasury Bond ETF remained flat following a previous drop.
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