Table of Contents

• Bitcoin

• S&P 500

Top Stories Today

Bitcoin

President Trump signed an executive order establishing a Bitcoin reserve using assets already seized by the government, formally recognizing Bitcoin as an official U.S. asset. The decision, although symbolic, disappointed investors who expected more aggressive government purchases, causing cryptocurrency values to drop amid uncertainty about the administration's passive stance. Critics expressed concerns about conflicts of interest related to Trump’s family involvement in cryptocurrency ventures, while analysts noted the decision’s limited immediate market impact. Despite initial market caution, supporters interpret the move as a meaningful acknowledgment of cryptocurrencies amid broader economic volatility.

S&P 500

Shares of DoorDash, Williams-Sonoma, Expand Energy, and TKO Group climbed after it was announced they'd be added to the widely tracked S&P 500 index on March 24, replacing Borgwarner, Teleflex, Celanese, and FMC Corp. DoorDash gained 7.5%, Williams-Sonoma rose 2.4%, Expand Energy increased by 1.5%, and TKO Group advanced by 2.6%. This shift means funds tracking the index will need to buy these stocks to maintain alignment with the updated index, further supporting their share prices.

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