Roundup: Bitcoin tops $80,000 as S&P 500 slips 0.2%

Bitcoin topped $80,000 in Friday trading. Bitcoin extended a roughly 5% weekly advance after the Securities and Exchange Commission granted an innovation exemption enabling trading in tokenized stocks. Strategy surged 12.9% to $149.25. Coinbase jumped 10.6% to $192.32. The S&P 500 slipped 0.2% to 7,621.16. The Dow Jones Industrial Average fell 222 points, or 0.4%, to 51,555.73. The Nasdaq 100 hovered just below flat at 29,425.62. The Russell 2000 fell 0.9% to 2,848.24. The 10-year Treasury yield rose 7 basis points to 5%. The 2-year yield rose 7 basis points to 4.75%. The 30-year yield rose 4 basis points to 5.34%. Kansas City Fed President Jeffrey Schmid defended rate hikes against sticky, broad-based inflation above 3%.