The MarketReader Minute
🏦 Financials Rally on Dovish Powell Comments, Coinbase Surges to Multi-Month High on GENIUS Act and Credit Facility Expansion | Financials Sector Insight
Financials moved sharply higher as Fed Chair Powell signaled a more cautious stance on rates, raising expectations for potential cuts. Mastercard, Visa, JPMorgan, and American Express contributed to gains, supported by strong market sentiment and new strategic initiatives.