S&P 500 Rises Amid Mixed Corporate Performance; Crypto Markets Watch for Macro Signals

Equities climbed as labor market data hinted at cooling economic conditions, with the S&P 500 gaining 0.8% on Thursday. T. Rowe Price led advancers after announcing a strategic partnership with Goldman Sachs, while Salesforce dragged on sentiment with disappointing guidance.

The private payrolls report showing August hiring slowdown precedes Friday's pivotal jobs data—a potential catalyst for both traditional and digital asset markets. Though no direct cryptocurrency mentions surfaced in today's equities action, Bitcoin and Ethereum traders typically monitor such macroeconomic indicators for directional cues.

Investment firms' collaboration signals institutional appetite for hybrid financial products, a trend mirrored in crypto's growing TradFi integration. The Goldman-T. Rowe deal's $1 billion equity component particularly echoes recent moves by asset managers into tokenized offerings.