Finance

Efforts by Treasury Secretary Scott Bessent to suppress long-term borrowing costs by expanding government bond buybacks generated only temporary relief. Yields on 10-year and 30-year Treasuries rapidly returned to elevated levels as persistent concerns regarding the $40 trillion national debt weigh on fixed-income markets.

Bitcoin climbed past $77,000 to achieve its highest price level since May, driving the aggregate digital asset market valuation up to $2.6 trillion. The price surge follows the Securities and Exchange Commission's proposed regulatory framework alongside political advocacy by President Trump to pass the Clarity Act.

Shares of retail giant Walmart plummeted 9.2% after reporting disappointing comparable sales in the United States, pulling down broader benchmarks. The weak showing alongside underwhelming performances from other major retailers has ignited concerns regarding the overall resilience and financial health of the American consumer.