Finance

Longer-term government bond yields extended their downward trend, with the benchmark 10-year Treasury note falling to around 4.65%. The move followed announcements regarding the Treasury Department's increased bond repurchase plans using its General Account.

The flagship cryptocurrency surpassed the $80,000 threshold for the first time since May, fueled by capital inflows into spot ETFs and short liquidations. Sentiment was further bolstered by potential crypto-friendly legislative developments and fears of dollar debasement linked to recent Treasury market interventions.

Shares of the sporting goods retailer fell significantly after missing second-quarter expectations and lowering its full-year earnings and sales forecasts. The company noted that a challenging athletic footwear market and underperforming product launches weighed on its newly acquired Foot Locker business.