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Major software players Salesforce and CrowdStrike recorded significant stock gains of over 20% following better-than-expected corporate earnings. Salesforce lifted the Dow Jones Industrial Average as its top performer, while CrowdStrike experienced record annual recurring revenue driven by an acceleration in enterprise cybersecurity adoption for artificial intelligence.

Investors are closely monitoring the Jackson Hole Economic Symposium as Federal Reserve Chairman Kevin Warsh prepares to deliver a highly anticipated keynote speech. Financial markets are seeking clues regarding the future trajectory of monetary policy and interest rates, especially after recent Personal Consumption Expenditures data showed persistent core inflation sticking at 3.7%.

Bitcoin experienced a strong monthly rally, clearing the $80,000 threshold for the first time in over three months and bringing its gains for the month to 25%. This sudden price increase was supported by a short squeeze and shifting macroeconomic sentiment, though trading volumes remained seasonally subdued compared to previous years.