While digital assets fell, most traditional asset classes rose intraday. The 10-year Treasury yield fell 10 basis points, gold rose 1.5% to just below its all-time high at $2,450, and WTI crude oil prices rose 5%. Stocks also surged intraday, with the tech-heavy Nasdaq 100 Index up 3% and the S&P 500 closing up 2.2%, led by a 12% gain in chipmaker Nvidia (NVDA).
