On Tuesday, the S&P 500 index surged past the 6,300 mark for the first time in history, driven by a strong rally in technology and crypto-related stocks. The U.S. market continued its bullish momentum despite ongoing geopolitical tensions and looming tariff threats.

The milestone came just one day after President Donald Trump threatened to impose 30% tariffs on imports from Mexico and the European Union, effective August 1.

🔋 Broad Market Gains, Futures Pointed to Strong Session

Prior to the market open, S&P 500 futures were up 0.3%, Nasdaq 100 gained 0.55%, and Dow Jones futures inched up just 0.03% (13 points). Monday’s trading already closed in the green, and Tuesday confirmed the momentum.

🔹 Dow Jones added 88 points (+0.2%)

🔹 S&P 500 rose 0.1%

🔹 Nasdaq Composite gained 0.3%

Investors remain risk-on as they await key inflation data and upcoming earnings from major U.S. banks.

🚀 Bitcoin Breakout Boosts COIN and MSTR

A major catalyst behind the surge was Bitcoin’s breakout above $123,000, reclaiming new highs. BTC now finds support near $108,300, with analysts setting sights on $134,500. Technical indicators like MACD and stochastic momentum remain bullish.

🔹 Coinbase (COIN) rallied past $346, a level not seen since 2021

🔹 Chart shows a “cup and handle” formation, with potential to hit $460

🔹 The golden cross – 50-day moving average crossing above the 200-day – adds further support

MicroStrategy (MSTR) continues to mirror Bitcoin’s trajectory. Analysts noted that COIN and MSTR typically show over 60% correlation with BTC prices, making them prime exposure assets for crypto-focused traders.

Retail interest is also resurging, fueled by social media activity, especially on X (formerly Twitter).

CNBC’s Jim Cramer poked fun at the trend, dubbing Palantir, Applovin, Robinhood, and Coinbase the new "PARC" meme stock group: “They just won’t quit!” While he mocked the rally, HOOD and COIN remain closely tied to real crypto adoption, and the market isn’t laughing.

🌏 Asia Rallies on China’s GDP Beat, Nvidia Chip Sales

Asian equities opened higher on Tuesday after China posted better-than-expected GDP growth. The economy expanded 5.2% in Q2, surpassing the 5.1% forecast, though slightly down from 5.4% in Q1, according to the National Bureau of Statistics.

🔹 Hang Seng Tech Index rose 2.14% by the end of the session

🔹 Gains were driven by renewed optimism after Nvidia confirmed it would resume chip sales to China

🔹 The top three gainers in the index rose 6.83%, 6.41%, and 5.53% (names not disclosed)

📊 Singapore Hits New High, Japanese Bonds Sell Off

🔹 Singapore’s Straits Times Index reached a new peak of 4,128.18, before closing at 4,124.71 – marking its seventh straight day of gains, led by industrial, consumer staples, and utility sectors.

🔹 In Japan, long-dated bonds sold off sharply:

– 30-year bond yield spiked by 14.5 bps to 3.191%

– 10-year JGBs hit 1.594%, the highest since 2008

– 20-year bond yields rose to 2.634%, a level last seen in 1999

These moves come ahead of Japan’s upper house elections on July 20.



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