Bitcoin Halving’s Long Tail: How Are European Crypto ETFs Performing Post-Event?

Stocks pushed higher on Monday, with the **S&P 500** notching a new record close, as tech shares led Wall Street’s latest advance. Investors shrugged off muted economic news, keeping the recent rally alive and extending gains for the major indexes. ## Market Overview The **S&P 500** closed at a new all-time high, lifted by sustained momentum in the technology sector. The **Nasdaq Composite** also advanced, supported by strong performances in semiconductor and cloud computing stocks. The **Dow Jones Industrial Average** lagged slightly but managed to end the session in positive territory, reflecting continued investor preference for growth over value. U.S. Treasury yields remained largely unchanged, signaling little immediate concern about inflation or Federal Reserve policy shifts. The 10-year note traded flat after last week’s slight uptick, with bond markets awaiting fresh economic catalysts later in the week. In commodities, oil prices were steady after last week’s volatility, as traders digested mixed signals on global demand and supply. Gold prices held near recent lows, reflecting continued risk-on sentiment and limited safe-haven demand. The **U.S. Dollar Index (DXY)** was little changed, maintaining its recent range against major currencies. The **EUR/USD** pair showed minimal movement, as investors awaited upcoming eurozone economic data for direction. ## Key Movers Mega-cap tech stocks were the day’s main drivers. Names in the cloud infrastructure and AI space saw outsized gains, continuing a summer-long surge. Semiconductor leaders extended their rally, with investors betting on resilient demand for chips and advanced computing hardware. Healthcare also showed strength, with several large-cap names advancing after positive regulatory and earnings developments last week. In contrast, energy stocks underperformed as oil prices failed to break higher, weighing on sector returns. Financials were mixed, with large banks trading sideways as bond yields stabilized. Investors remained cautious ahead of upcoming speeches from key Federal Reserve officials, which could provide clues on the policy outlook into the fall. ## What to Watch Looking ahead, attention turns to a slate of economic releases later this week, including updated readings on durable goods orders and consumer sentiment. Markets will also be closely monitoring comments from Fed Chair Jerome Powell and other central bank officials as the Jackson Hole symposium kicks off on Thursday. Earnings season is winding down, but a handful of high-profile tech and consumer companies are set to report results, which could stir sector-specific volatility. For those navigating Europe’s investment landscape, broader context on market dynamics and strategic guidance can be found in our Beginner’s Blueprint: The Ultimate 2026 Guide to Investing as a European. As summer winds down, investors remain focused on economic data, central bank commentary, and sector rotation trends to gauge the sustainability of the market’s record run.