U.S. stocks hit a new record high, MicroStrategy rose 9.04%

BlockBeats reported that on September 20, Wall Street traders bet that the Federal Reserve would be able to achieve a soft landing, which stimulated a rebound in riskier areas of the market and pushed U.S. stocks to new all-time highs.

The S&P 500 rose 1.7% on Thursday, hitting its 39th record high since 2024 and extending this year's gains to around 20%. The Nasdaq 100 rose 2.6%. The S&P 500 broke through 5,700 points and the Dow Jones Industrial Average broke through 42,000 points, both hitting new highs.

In terms of cryptocurrency concept stocks, Coinbase rose 3.44% and MicroStrategy rose 9.04%.