S&P 500 Sees Cautious Rebound as Bitcoin Rises After Rout – US Markets Wrap

Wall Street posted a cautious rebound, with the S&P 500 holding in a narrow trading band despite a cryptocurrency surge that followed a volatile start to December. Bonds and the dollar steadied.

The US equity benchmark advanced for the sixth time in seven sessions, although most of its constituents slipped. Apple led gains among megacap names, while Tesla declined after Michael Burry described the stock as “ridiculously overvalued.” Boeing jumped as the company signalled it expects to return to generating cash in 2026.

Bitcoin climbed above $90,000, recovering from a sharp selloff that blindsided traders and wiped out nearly $1 billion in newly built leveraged positions. The rebound provided only brief relief after months of weakness, and overall sentiment remains fragile.

As traders looked ahead to the final economic data releases before next week’s Fed meeting, President Trump said he intends to announce his choice for the next Fed chair in early 2026.

The S&P 500 edged up to around 6,830. The Nasdaq 100 gained nearly 1%. The yield on 10-year Treasuries held near 4.09%. The dollar fluctuated.