investingLive Americas market news wrap: Fed officials stake out the hawkish ground

Market Overview - Fed officials expressed reluctance to cut rates significantly due to inflation risks, highlighting a decent and possibly improving economy [1] - Stock futures initially pointed to a 0.4% decline but reversed to achieve new records, with the S&P 500 gaining 0.4% and the Nasdaq rising 0.6%, driven by Nvidia's announcement of a $100 billion investment in OpenAI [2] - The gold market rallied to a new high, influenced by fiscal recklessness and tumultuous politics, while Bitcoin remained flat despite a positive risk mood [3] Currency and Commodities - The euro gained steadily to 1.1800, recovering from a three-day decline, while the Canadian dollar weakened due to comments from Carney and hot Canadian PPI numbers [4] - Gold prices increased by $62 to $3746, while WTI crude oil decreased by 4 cents to $62.64 [5] - US 10-year yields rose by 1.3 basis points to 4.15% [5]