Dow Jones Top Markets Headlines at 11 PM ET: U.S. Stocks Amble to Fresh Records on Optimism for a September Rate Cut | Bitcoin ...

U.S. Stocks Amble to Fresh Records on Optimism for a September Rate Cut

The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

----

Bitcoin extends rally, hits record high above $124,000

The Trump administration's looser regulatory stance and the wider adoption by institutional investors, including the approval of crypto ETFs, have been a boon to bitcoin and other cryptocurrencies.

----

Wholesale Prices Expected to Firm in July. Consumer Costs Will Likely Follow.

The producer price index for total final demand is expected to increase 2.4% year over year for July, one-tenths of a percentage point more than in June.

----

Why a jumbo Fed rate cut in September would 'come across as panicky'

Treasury Secretary Scott Bessent says the Federal Reserve should drastically slash rates. Wall Street isn't so sure.

----

Trump's Tariffs Stymie India's Bid to Steal Manufacturing From China

When companies realized they needed to diversify away from China, India was the natural choice. Now, U.S. tariffs threaten that.

----

Bank of Canada Officials Divided on Rate Cut Outlook, Minutes Say

Some senior policymakers believed central bank 'provided sufficient support' for economy ahead of July 30 decision.

----

U.S. Crude Oil Stockpiles Post Weekly Build

U.S. crude oil inventories rose by 3 million barrels last week as domestic production and imports increased.

----

No More Offshore. Startups Look to Spend, Hire in U.S. Due to Trump Tax Change

Faster deductions make adding staff cheaper when cash flow is critical, executives say.

----

IEA Lifts Global Oil Supply Forecast, Signaling Bigger Surplus Ahead

Global oil markets are poised for a larger surplus than previously expected this year, with supply set to grow more than three times faster than demand, the International Energy Agency said.

----

The Market's Fear Gauge Is at Its Lowest Level This Year. Why Investors Are Feeling Zen.

Wall Street is in a relaxed mood right now-but the sense of calm might not last.

----

China's New Yuan Loans Drop Unexpectedly

New yuan loans fell in July, sending yet another sign of weak demand in the Chinese economy despite Beijing's efforts to bolster domestic demand.

----

Trump Agrees on Ukraine Red Lines With Europe Before Putin Summit

The U.S. president told his European peers that he wouldn't negotiate territorial issues during Friday's meeting in Alaska but will seek an immediate cease-fire.