U.S. bitcoin futures settle down on Tuesday in the second full day of trading for the No.1 digital currency, while the price of rival cryptocurrencies soared to records amid a fervor for virtual assets.
The U.S. dollar moves higher on the back of producer price inflation data, which hit close to a six-year high, and reinforced other strengthening global inflation reports.
The U.S. stock market shrugged off all manner of political uncertainty in 2017, essentially ignoring heightened tensions with North Korea, populist movements across the globe, and a number of terrorist attacks and mass shootings as major indexes marched to dozens of records with basically nothing in the way of volatility or pullbacks.
Treasury yields inched higher on Tuesday, though they edged away from an intraday high, after strong appetite for an auction of long-dated debt.
More than half of Americans surveyed find the Republican tax bill will hurt them personally, even though a far lower percentage will be harmed if lawmakers live up to their promises to tweak the bill in the future.
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