Finance

The U.S. Department of the Treasury announced plans to double the size of its long-term bond buyback operations to $4 billion per issue. This liquidity intervention successfully eased pressure on borrowing costs, pulling 30-year yields lower and calming broader financial markets.

Cryptocurrencies rallied sharply with Bitcoin climbing past the $77,000 mark, igniting significant upward movement for digital asset exchange equities like Coinbase and Robinhood. The surge follows a combination of declining long-term bond yields and renewed political momentum behind the Digital Asset Market Clarity Act.

Shares of Ross Stores and BJ's Wholesale Club advanced after posting stronger-than-expected corporate financial metrics. Ross Stores specifically raised its full-year earnings guidance, benefiting from a shifting macroeconomic environment where consumers increasingly prioritize off-price retail selections.