{"id":11659,"date":"2025-09-24T16:47:30","date_gmt":"2025-09-24T16:47:30","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-is-up-surpassing-113800-sp-500-nasdaq-are-down-midday-update\/"},"modified":"2025-09-24T16:47:32","modified_gmt":"2025-09-24T16:47:32","slug":"bitcoin-is-up-surpassing-113800-sp-500-nasdaq-are-down-midday-update","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-is-up-surpassing-113800-sp-500-nasdaq-are-down-midday-update\/","title":{"rendered":"Bitcoin is up, surpassing $113,800; S&amp;P 500, Nasdaq are down: Midday Update"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The S&amp;P 500 and Nasdaq both dipped around midday Wednesday, while Bitcoin surpassed $113,800 at last check. <\/p>\n<div id=\"cn-block-summary-block_1a07c8dd14388973bd8ec8541e31bca5\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Major U.S. indexes slipped at midday: Nasdaq -0.53%, S&amp;P 500 -0.37%, Dow Jones -0.17%.<\/li>\n<li>Alibaba jumped 7.34% after unveiling plans to exceed its $50B AI spending budget, fueling Wall Street optimism on AI.<\/li>\n<li>Micron fell 3.9% despite beating earnings, while gold held record highs and cryptocurrencies stalled.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin (BTC) swung near the $113,800 price level, according to CoinGecko. See below.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"nofollow\">CoinGecko<\/a><\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>Nasdaq is down 0.53% in midday trading. <\/li>\n<li>The benchmark index S&amp;P 500 is down 0.37%.<\/li>\n<li>The blue chip index Dow Jones Industrial Average is down 0.17%.<\/li>\n<\/ul>\n<p>Stocks showed bulls were set for another big day as Wall Street cheered fresh artificial intelligence-related news from Alibaba (BABA), which rallied 7.34% at last check on Wednesday.<\/p>\n<p>The Alibaba stock soared more than 9% in premarket trading and extended the gains as traders bet on AI spending budget. While it planned to spent $50 billion on AI initiatives, Alibaba <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/alibaba-shares-jump-ceo-reveals-031419352.html\" target=\"_blank\" rel=\"nofollow\">says<\/a> it will go beyond this in a push to keep pace with competitors.\u00a0<\/p>\n<p>And Micron Technology (MU), despite surpassing Wall Street\u2019s expectations in its latest earnings report, dipped 3.9% at the time of reporting.<\/p>\n<p>Meanwhile, gold held at record highs while top cryptocurrencies stalled. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Wall Street also eyes inflation report<\/h2>\n<p>Federal Reserve chair Jerome Powell spoke this week, days after the U.S. central bank cut its interest rate by 25 basis points.\u00a0<\/p>\n<p>While investors have priced in more cuts in 2025, Powell\u2019s speech indicated the Fed remains largely cautious. His remarks also alluded to the stock market\u2019s rally as one that sees stocks \u201cfairly highly valued.\u201d\u00a0<\/p>\n<p>Although the major indices are near record highs, Wall Street\u2019s immediate attention is on the upcoming release of the Personal Consumption Expenditures index. CPE is the Fed\u2019s preferred inflation gauge and the latest inflation report on this is set for release on Friday, September 26, 2025. <\/p>\n<p>Investors will be keen on CPE data that does not impact the anticipated interest rate cuts.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P 500 and Nasdaq both dipped around midday Wednesday, while Bitcoin surpassed $113,800 at last check. Summary Major U.S. indexes slipped at midday: Nasdaq -0.53%, S&amp;P 500 -0.37%, Dow&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11659"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11659\/revisions"}],"predecessor-version":[{"id":11660,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11659\/revisions\/11660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4349"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}