Stock Market Cracks as Bitcoin Surges Past $112,000

The US stock market showed signs of instability on Thursday as bond yields surged and investors tried to maintain a facade of normalcy. Despite slight gains for the Dow Jones, S&P 500, and Nasdaq, long-term volatility loomed large due to rising interest rates and potential budgetary challenges. A new tax bill passed by the House is projected to increase military spending while potentially widening the national deficit, leading to concerns about future economic stability.