Markets

Major U.S. indices rose modestly-S&P 500 by 0.1%, Dow and Nasdaq similarly-after a volatile session featuring swings of nearly 1%.

The Fed's January meeting minutes are expected to show a cautious tone, with policymakers noting inflation remains persistent and growth solid-possibly delaying further rate cuts.

Major cryptocurrencies pulled back after a weekend rally driven by soft U.S. inflation data. Bitcoin dropped 2.5%, Ethereum and XRP fell 4.6% and 9.1% respectively.

European stock indices inched higher while U.S. markets were closed for Presidents Day. The AI-fueled trading frenzy cooled, and investors digested mild U.S. inflation data.

The S&P 500 rose 0.5%, Nasdaq jumped 0.9%, while the Dow ticked up slightly, as Asian markets powered gains. Treasury yields held steady; Bitcoin stayed just below $71,000.

Treasury Secretary Scott Bessent said the Federal Reserve isn't expected to hastily shrink its balance sheet even if Kevin Warsh becomes a leading figure at the Fed.

Bitcoin held just below $71,000 after recent volatility, while the broader crypto market remains fragile as leveraged liquidations and investor caution weigh on sentiment.

The Dow Jones Industrial Average dropped more than 400 points after the release of a mixed U.S. jobs report, sparking investor uncertainty about the future direction of the Federal Reserve's interest rate policy.

U.S. Treasury yields climbed following the jobs report, as investors weighed implications for future interest rate moves and inflation outlook.

Disney reported quarterly earnings that exceeded Wall Street forecasts, sending its shares up and lifting sentiment in the media and entertainment sector.