As at Wednesday, the index has advanced about 5.9 per cent year to date – bringing its gains slightly over that of the S&P 500, which is up by around 5.4 per cent.

Both the S&P 500 and Nasdaq finished at all-time highs following a roller-coaster session that included a stint in negative territory after Mr Trump announced he was breaking off trade talks with Canada,

About a fifth of the world’s total oil consumption passes through the strait, or some 18 to 19 million barrels per day of oil, condensate and fuel.

On Jan. 15, 2025, oil surged to $80.50 from $72.50 just six days earlier. The spike coincided with a Bitcoin drop to $89,300 on Jan. 13, followed by a 22% rally to $109,300 by Jan. 20.

But stocks fell in what Briefing.com described as a “sell the news” response to a breakthrough that had been largely priced in.

Spot gold was up 0.3 per cent at US$3,364.10 an ounce, as of 0017 GMT. US gold futures gained 1.2 per cent to US$3,384.40.

US regulators are now raising concerns that the vehicles may not legally qualify as ETFs at all under federal securities laws.

If passed by the Senate, a repeal of the IRA “would mark a sharp reversal in US clean-tech policy”, Bibani said.

Stablecoins have become crucial to the functioning of crypto markets, with about US$243 billion of them in circulation in May 2025.

The president also said trade discussions with the EU “are going nowhere” and recommended “a straight 50% tariff on the European Union, starting on June 1, 2025.”

Bitcoin surged to a new all-time high after a temporary trade agreement between the United States and China eased macroeconomic fears and boosted investor confidence.

The move puts JPMorgan alongside other major banks such as Morgan Stanley, which already allows its financial advisors to pitch clients on some bitcoin ETFs for eligible clients.