Finance

U.S. Treasury yields jumped across the curve as traders reacted to the Federal Reserve's hawkish signals. The two-year Treasury yield, which is highly sensitive to monetary policy, rose 14 basis points to 4.19%, while the 10-year yield reached its highest level in a week as markets began pricing in a possible rate increase by September.

Shares of Space Exploration Technologies Corp. fell nearly 5% on Wednesday, marking the company's first daily decline since its highly anticipated market debut last Friday. Despite the pullback, the aerospace giant recently finalized a major deal and remains a primary focus for investors tracking the performance of new technology listings.

Bitcoin prices retreated to approximately $64,000 as the prospect of prolonged higher interest rates dampened appetite for risk-sensitive assets. Simultaneously, U.S. lawmakers introduced new legislation aimed at closing tax loopholes in the digital asset market to ensure regulatory parity with traditional financial investments.