S&P 500 Hits Record High: Investor Sentiment Improves, Fear Index Remains In 'Greed
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the "Greed" zone on Wednesday. U.S. stocks settled higher on Wednesday, with the Dow Jones index gaining more than 100 points during the session. The S&P 500 also hit a new all-time closing high on Wednesday. On the economic data front, the volume of mortgage applications declined by 0.5% from the previous week in the third week of August, following a 1.4% decline in the prior month. Most sectors on the S&P 500 closed on a positive note, with energy, information technology and real estate stocks recording the biggest gains on Wednesday. However, communication services and health care stocks bucked the overall market trend, closing the session lower. The Dow Jones closed higher by around 147 points to 45,565.23 on Wednesday. The S&P 500 rose 0.24% to 6,481.40, while the Nasdaq Composite gained 0.21% to 21,590.14 during Wednesday's session.
Cathie Wood's Ark Invest made bold moves in the market on Wednesday, targeting crypto-focused Bitmine Immersion Technologies while trimming its position in sports betting leader DraftKings.
Ark purchased more than 339,000 shares of Bitmine across multiple ETFs, representing an investment of about $15.6 million at the stock's closing price of $46.03. Bitmine, backed by Tom Lee, has gained attention for its role in shifting capital flows from Bitcoin to Ethereum.
Analysts have pointed to the company's exposure to Ethereum as a key factor in its recent surge, boosted further by optimism following comments from Federal Reserve Chair Jerome Powell.
At the same time, Ark reduced its DraftKings stake, selling over 266,000 shares worth about $12.7 million. The move came despite DraftKings reporting record second-quarter results, with revenue of $1.51 billion, up 37 percent from a year ago and ahead of analyst expectations.
Other trades included selling shares of Roku while adding positions in CRISPR Therapeutics and Intellia Therapeutics, showing Ark's continued interest in biotech innovation.
The trades highlight Ark's ongoing strategy of betting on disruptive companies in fast-moving sectors like crypto and gene editing, even as it trims exposure in more established growth names.
For years, Walmart and Target have battled for retail dominance. But today, the numbers tell a different story: Walmart's market cap towers at 18 times bigger than Target's. 🚀
In 2008, Zimbabwe experienced one of the worst cases of hyperinflation in history, leading its Reserve Bank to issue a $100 trillion banknote.
Despite its staggering face value, the note held almost no real worth, enough to buy little more than a loaf of bread or a bus ticket on the streets.
Today, this piece of currency stands as an example of how entire economies can collapse under runaway inflation, leaving behind symbols of value that carry more story than substance.
The US Department of Commerce has partnered with Chainlink ($LINK) to bring government macroeconomic data onchain.
This is a major step towards real-world adoption, as it connects verified government data with blockchain infrastructure. By having trusted economic data directly avallable on decentralised networks, new opportunities open up in DeFi such as smarter lending, borrowing and trading strategies. It could also power markets where people bet on future events like interest rate changes or inflation figures, while giving institutions more confidence to build products on blockchain using official data rather than unverified sources.
Chainlink continues to prove itself as the bridge between traditional systems and Web3, and this partnership highlights how serious governments are becoming about blockchain technology. Stay tuned, this could reshape how markets access and trust economic data.
Nvidia delivered another strong quarter in Q2 FY26, with revenue soaring 56% year-over-year to a record $46.7 billion and net income rising 59% to $26.4 billion, while data center revenue hit $41.1 billion Barron's.
Despite the upbeat numbers, stock performance dipped slightly as the company omitted any assumed H20 chip sales to China in its guidance due to regulatory uncertainty.
In an SEC filing, Nvidia also cautioned that "any request for a percentage of the revenue by the USG may subject us to litigation, increase our costs, and harm our competitive position," reacting to a proposed U.S. government 15% revenue-sharing demand tied to chip exports.
Japan's 30-Year Yield has surged nearly 1ppt this year, now above 3.2% 📈
Why it matters: Japan carries the highest debt-to-GDP ratio in the developed world (250%+). Rising yields dramatically increase the cost of servicing that debt, straining government finances and raising the risk of fiscal stress. It also matters globally Japanese investors are among the biggest buyers of US Treasuries and European bonds. If they pull capital back home for higher returns, global borrowing costs could rise too.
This isn't just a Japan story it's a warning signal for debt sustainability worldwide.
Buffett & Munger’s Blueprint for Turning $10K Into Billions
Warren Buffett Was Asked 'How Can I Make $30 Billion?' - He And Charlie Munger Shared How They'd Get Rich Today As Young Investors With Just $10K In 1999, someone asked Warren Buffett at Berkshire's annual meeting how to become a billionaire. His answer was simple: start young. He compared wealth to a snowball - the earlier you begin, the bigger it grows.
Buffett said if he were starting over with $10,000, he'd research companies one by one, focusing on small overlooked businesses. The key: buy good companies at fair prices, think independently, and act when you find value.
Charlie Munger added that the first $100,000 is the hardest, stressing frugality, rational thinking, and persistence.
Their timeless advice? Study businesses, invest patiently, ignore the noise, and let compounding do the work.
In 2025, over 562 million people 6.8% of the world's population now own cryptocurrency. Adoption is surging fastest in South America, Asia, and Oceania, making digital assets more mainstream than ever.
Fake Meme Coin CR7 TOKEN Hits $143M Market Cap Before 98% CRASH IN MINUTES
Fake Meme coins inspired by Cristiano Ronaldo surfaced over the weekend following unverified rumors about an official token launch. The token reached a $143 million market cap in just six minutes. However, the token crashed 98% within the next nine minutes as several addresses executed quick sales. On-chain analysis firm Bubblemapssuggests this was likely an organized scheme by crypto influencers who promoted the token before deleting their posts. At least five other fake CR7 tokenslaunched on Solana, though none exceeded $1 million in market cap. No official announcements from Ronaldo regarding any token plans have been made. The incident follows Ye's official YZY token launch, which hit $411 million before dropping 74% in 24 hours. #CR7 #CristianoRonaldo #CryptoNews #Memecoin #CryptoScam Like, Share, Follow for more!