Today’s Market Movers: Ross Stores Crushes Earnings and Crypto Stocks Take Off

Crypto stocks Coinbase, Robinhood, and Strategy surged after Trump called for Congress to pass the Clarity Act. Strategy swung to a $1.4B unrealized gain on its Bitcoin holdings as Bitcoin climbed to around $78,500. Ross Stores jumped up to 9% in premarket trading after beating Q2 earnings and raising full-year guidance. Moderna recovered in the same session.