Bitcoin back above $73K, Broadcom stock lifted ahead of earnings

It's time for Yahoo Finance's Market minutes. I'm John Highland.

We're about halfway into the trading day and we are seeing buyers step into the stock market today. The major averages are in the green. Some of this could be due to some strong economic data.

ADP which tracks private payrolls came in better than expected.

We also had ISM Services data which came in at its highest reading since 2022.

So you're seeing a bit of a reprieve from the selling we've seen from the geopolitical conflict.

Also taking a look at crypto, you're seeing Bitcoin trading around $73,000 today.

Uh over the weekend when uh the Iran attack first came, uh we saw Bitcoin drop to 63,000.

So you are seeing a rebound, more risk taking. You also saw ETFs pull in $680 million over the past two days for Bitcoin.

And then finally, I want to take a quick look at Broadcom. That company's reporting after the bell today.

It's really going to be the next test for the AI trade. We just had Nvidia a week ago. That stock had blockbuster numbers, but we still saw shares fall the next day.

So Broadcom really uh the focus when it comes to artificial intelligence. And that's your Yahoo Finance market minute.