S&P 500
The S&P 500 and Nasdaq closed at record highs on Friday, driven by strong corporate earnings and declining crude oil prices. The indices notched their longest weekly gain streak since October 2024 amid an earnings-heavy week.
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Bitcoin has fallen 30% from its all-time high, prompting financial advisers to anticipate increased tax-loss harvesting in digital assets this year. With the cryptocurrency down 5% year-to-date while the S&P 500 has risen 18%, investors face incentives to sell losing crypto positions to offset stock gains before the December 31 deadline.
October 03, 2025 01:22