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How Treasury Debt Buybacks and Strong Data Drove Dow’s 0.98% Rally — Market Wrap Aug 21
Today's AI insights from 7horns.ai reveal a Wall Street rebound with the Dow leading gains, up 0.98%, while the S&P 500 and Nasdaq each rose 0.43%. The recovery followed Treasury Secretary Bessent's announcement to double long-term debt buybacks to $4 billion per operation, easing bond-market jitters. Strong US business activity data further bolstered investor confidence. Tesla surged 5.14% after Nevada approved paid autonomous ride-hailing, crossing the $300 mark. Robinhood Markets jumped 13.7%, fueled by Bitcoin breaking above $77,000, igniting crypto-linked fintech rallies. Meanwhile…
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