Federal Reserve Chair Jerome Powell gave a backhand compliment to the Biden economy during his latest press conference on May 1.
Hedge funds are reversing their bearish stance on stocks as the latest economic data and comments from the Fed revive bets on interest rate cuts.
Shares of Grayscale Bitcoin Trust jumped 2.4% after the ETF that tracks the price of bitcoin saw its first day of inflow since January.
New rules implemented last month capped what the Federal Deposit Insurance Corporation (FDIC) will insure in a trust account at $1.25 million.