Market Rally Led by Tech as Apple Jumps 4%; Crypto Markets Watch Macro Developments

U.S. equities surged with the Dow gaining 515 points as Apple's 4% rally fueled Optimism ahead of Big Tech earnings. Loop Capital's upgrade and strong iPhone 17 sales data underscored the momentum. The broader market found support from expectations of a resolution to the government shutdown, with NEC Director Hassett signaling potential bipartisan progress.

While traditional markets celebrated, cryptocurrency traders monitored the risk-on sentiment for potential spillover effects. Bitcoin and major altcoins often correlate with equity rallies during periods of macro uncertainty resolution. The impending inflation report looms as a catalyst for both traditional and digital asset classes.

Tech's leadership in the rally bears watching for crypto sectors like AI tokens and blockchain infrastructure projects. As NASDAQ outperformed with a 1.37% gain, parallels emerge with crypto's own tech-heavy composition. Market participants now await whether capital rotation could benefit digital assets alongside traditional growth stocks.