The Daily

US stocks opened higher on Friday, August 21, as investors looked to recover from the previous session’s sell-off, while stabilising Treasury yields and a sharp rally in bitcoin lifted risk sentiment.

The Dow Jones Industrial Average rose 0.5%, while the S&P 500 and Nasdaq Composite gained 0.4% each.

Financial stocks and cryptocurrency-related companies led gains,

 » Read more about: Dow, S&P 500, Nasdaq rise as Wall Street rebounds; Bitcoin surges 7%  »

There’s no getting around it: The market looks expensive on several metrics. The broader benchmark S&P 500 (^GSPC +0.49%) is now up over 102% since the start of 2023 despite some pretty glaring warning signs. In recent years, investors have breezed past the longest inverted yield curve in history,

 » Read more about: Is it really smart to buy stocks right now? Here's Warren Buffett's advice.  »

Oil prices on Thursday pushed to their highest point in three weeks, with the continuing deadlock in the U.S.-Iran war and the United Arab Emirates’ move to sever all financial and economic ties with Iran squeezing supply.

October Brent crude futures added $2.44, or 2.7%, settling at $94.06 a barrel,

 » Read more about: Oil prices hit three-week high amid Iran war, UAE trade freeze  »

 » Read more about: Bitcoin ETFs Just Had Their Biggest Day Since May—BlackRock Took 83% of It  »

 » Read more about: Something Big Could Happen To NVIDIA Stock on August 26  »

© cstar55 / E+ via Getty Images

Picture a farmer who spent 40 years working corn and soybean ground. He harvests and stores his final crop, retires at 64 near the end of the year, and starts Social Security. The following spring, a grain elevator cuts a check for those bushels. A few months later,

 » Read more about: He Retired From Farming. So Why Is Social Security Counting Money From Last Year’s Crop?  »

Following the recent demerger of its aluminium, oil and gas, iron and steel, and power units, financial results are only available for one quarter of the standalone Vedanta entity that retains the copper business. For Q1FY27, the company reported revenue of ?24,205 crore and net profit of ?5,294 crore.

 » Read more about: These three copper stocks are riding India’s energy expansion. Should you invest?  »

US stock futures rose on Friday as investors awaited more details on President Trump’s “economic warfare” plan against Iran and the Treasury’s boost to bond buybacks hasn’t soothed markets. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) rose 0.3%. Contracts for the Nasdaq-100 (NQ=F) gained 0.5% after stocks closed down the day before.

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq futures drift higher despite Treasury yield pressures persisting  »

Famed investor Michael Burry recently said the stock market’s heavy dependence on artificial intelligence (AI) today feels like “the last months of the 1999-2000 bubble,” per CNBC (1).And he’s not alone. In early May, Paul Tudor Jones — an American billionaire hedge fund manager — told CNBC that he, too, had noticed today’s AI-fueled market looks quite similar to the dot-com bubble.Top PicksJP Morgan sees gold hitting $6,000/oz before 2027 — and a gold IRA lets you hold the physical metal while deferring the tax bill.

 » Read more about: Bank of America strategist warns market just flashed a 2000 dot-com bubble signal. Here’s how to protect your portfolio  »

© Tinpixels / Getty Images

You turned 73 last year, looked at your traditional IRA balance, and decided to push your first Required Minimum Distribution to the April 1 deadline instead of taking it by December 31. Smart in theory. The problem: that April 1 grace period only applies to your first RMD.

 » Read more about: Delay Your First RMD and the IRS Makes You Take Two in One Year. These 3 ETFs Keep the Tax Hit From Compounding  »