investingLive Americas market news wrap: Huge rebound in stock markets and bitcoin

This week was marked by significant volatility in trading, with U.S. equities staging a strong rebound. The S&P 500 rose 2% and the Russell 2000 increased by 3.8%, while Bitcoin surged 11.5% to reach $69,957. Jensen Huang's comments seemed to positively impact the market, but the primary driver appeared to be the optimistic outlook regarding the disruption of software by AI. Gold also rebounded above $1,800, reflecting a robust performance in precious metals. In the forex market, the Australian dollar continued to rise, marking a third consecutive week of gains, likely due to the outcomes of recent rate cuts boosting international investments and mining. In contrast, the dollar weakened, aiding a relief rally in both the euro and sterling. However, the yen lagged behind, with upcoming elections expected to bring volatility. The oil market remains cautious as U.S.-Iran talks concluded without resolving major issues, although prospects for further meetings linger.