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The S&P 500 closed at a record, up 0.65%, and the Nasdaq-100 rose 1.15% after July producer prices slowed to 4.7% YoY from 5.5% and came in flat on the month against a 0.2% forecast. BTC did not follow, sliding from $65K to below $63K over the week as September hike odds fell to 33%.
A Washington court ordered Kalshi to stop offering most prediction markets in the state by 2 September, and Baltimore sued both Kalshi and Polymarket over sports contracts, naming Coinbase, Robinhood and Webull as distributors.
US equities closed at record highs amidst a drop in bond yields after more evidence that inflation in the US was moderating.
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