Stocks Edge Up as Fed Rate Cut Looms; Bitcoin ETF Bleeds Cash

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Moneycontrol•06-12-2025, 02:39
Stocks Edge Up as Fed Rate Cut Looms; Bitcoin ETF Bleeds Cash
- •Stocks held gains as traders awaited the Federal Reserve's interest-rate cut decision next week.
- •The S&P 500 rose 0.2%, while the Nasdaq 100 climbed 0.4%; Treasuries extended losses.
- •Expectations for a Fed rate cut next week persisted despite stable core PCE inflation data.
- •Tech stocks saw a boost from Hon Hai sales and Moore Threads IPO, but Netflix slid.
- •BlackRock's iShares Bitcoin Trust ETF (IBIT) recorded its longest streak of weekly withdrawals, with Bitcoin falling below $90,000.
Why It Matters: Upcoming Fed rate decision will shape market direction and investor portfolios.
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