Bitcoin Surges – US Market Wrap

The post-election rally in stocks slowed down as a drop in technology shares offset gains in several other corners of the market. Bitcoin topped $84,000 and the dollar hit a one-year high.

Economically sensitive shares outperformed, with the Russell 2000 index of smaller firms up 1.5% to the highest since 2021. A closely watched gauge of banks climbed 2.4%. Most big techs fell, with NVIDIA down 1.6%. Tesla jumped 9%, extending a blistering surge. An equal-weighted version of the S&P 500 beat the US benchmark. That gauge is less impacted by the largest companies providing a glimpse of hope the rally will broaden out.