Jpmorgan Chase

The Dow Jones has rebounded from support near 50,000, but the recovery faces a crucial test from September CPI data and major bank earnings. Apple and Verizon weakness, elevated Treasury yields and the prospect of further Fed tightening remain key risks for index bulls.

Tether said its exposure to EQIBank is less than 0.034 percent of total assets after a U.S. asset seizure involving the lender’s payment processor. The case underscores persistent counterparty risk across fiat banking networks used by stablecoin issuers, while offering no apparent immediate threat to USDT reserves or its dollar peg.

Banking lobbyists and crypto advocates are locked in a renewed fight over whether platforms should be allowed to offer rewards tied to stablecoin holdings. The dispute has become a central threat to the Clarity Act as lawmakers weigh bank concerns against the crypto sector’s push for market structure rules.

BlackRock, Fidelity, Franklin Templeton, Goldman Sachs and SoFi have publicly supported the Digital Asset Market Clarity Act, adding pressure on Congress to advance crypto market structure legislation. The push comes as Senate negotiators weigh revised text, Wall Street divisions over stablecoin rules, and a narrow window before the August recess.

DTCC processed its first live production trades involving tokenized securities, including stocks, ETFs and U.S. Treasurys. The initiative highlights how blockchain-based representations of existing assets could reshape collateral, repo and equity market infrastructure without changing legal ownership rights.

A sharp reversal in SK Hynix weighed on semiconductor shares and put the Nasdaq 100 under renewed pressure. Traders are also watching CPI, crude prices, bank earnings and key technical levels as the week’s risk calendar intensifies.

US equities came under pressure as semiconductor selling intensified and higher crude prices added another headwind for risk appetite. Investors continued to rotate toward healthcare, consumer staples and financials while watching whether weakness in technology spreads to the wider market.

Semiconductor weakness kept pressure on major U.S. equity benchmarks as traders moved money into healthcare, consumer staples and financials. SK Hynix’s upcoming Nasdaq debut is shaping up as a fresh test of investor appetite for chip exposure at elevated valuations.