According to BlockBeats, on September 20, Wall Street traders bet that the Federal Reserve will be able to achieve a soft landing, which stimulated a rebound in riskier areas of the market and U.S. stocks hit a new record high.
The S&P 500 rose 1.7% on Thursday, hitting its 39th record high since 2024 and extending its gains this year to around 20%. The Nasdaq 100 rose 2.6%. The S&P 500 broke through 5,700 points and the Dow Jones Industrial Average broke through 42,000 points, both hitting new highs.
In terms of cryptocurrency concept stocks, Coinbase rose 3.44% and MicroStrategy rose 9.04%.
