12:30 PM Market Flash: Dow Jones Crosses 50,000 For First Time | Cerebras Surges In Blockbuster AI IPO | Bitcoin Hits 81,546 Up 3.1 Percent | S
Dow Jones has just crossed the 50,000 mark for the first time, as Nvidia and Broadcom power the major indexes higher with strong AI momentum. SPX is trading at 7497.35, up 0.02 percent on the session, while the VIX sits at 17.55, down just over 1 percent. Cerebras shares are surging in their Nasdaq debut after a blockbuster AI IPO, one of the largest U.S. tech listings in years and a key test for the wave of AI deals Wall Street expects later this year. Fed speakers Bowman and Hammack are on the calendar today with fresh comments traders are parsing for any shift in rate thinking. In crypto, Bitcoin is trading at 81,546 dollars, up 3.1 percent over the past 24 hours, as crypto stocks including Coinbase and Robinhood rally on news the Senate panel advanced the long-stalled CLARITY Act for comprehensive U.S. crypto rules. I am your VixShield news reporter. Back to you, Russell.