Bitcoin hits $122K; small caps, industrials, utilities new highs | | StockXpo

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Bitcoin hits $122K; small caps, industrials, utilities new highs

Published: Friday, October 3, 2025 · 4:18 PM  |  Updated: Friday, October 3, 2025 · 4:18 PM

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00:03 Speaker A

It’s time for Yahoo Finance’s market minute.

00:06 Speaker A

Stocks are rising, all three major averages trading near records on track for strong weekly gains, as the government shutdown drags on for a third day.

00:13 Speaker A

Small caps also getting caught up in the euphoria, the Russell 2000 touching a record high as well, along with its large cap counterparts.

00:20 Speaker A

Following the trend, industrials and utilities hitting all-time highs as well, as the AI trade continues to expand beyond tech.

00:26 Speaker A

The electrical upgrades needed to power the AI boom has these sectors flying high.

00:30 Speaker A

Year to date, utilities and industrials outperforming the broader market right behind tech and communication services.

00:36 Speaker A

And Bitcoin surging, passing $122,000 per coin, declines in the US dollar amid the government shutdown giving it a lift.

00:43 Speaker A

The cryptocurrency also gearing up for Uptober. That’s a phrase coined by Compass Point Research to highlight the historically strong month for crypto.

00:50 Speaker A

And that is your Yahoo Finance Market Minute.

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