Stocks Rise, Shrugging Off Mideast Tensions, Canada Trade Fight — WSJ

By Alexander OsipovichInvestors aren't letting geopolitical tensions get them down Tuesday: U.S. stocks are pressing ahead, while oil is retreating amid hopes that Mideast diplomacy could yield progress.Treasury yields are following Brent crude lower. In focus Tuesday: Stanley Druckenmiller, Scott Bessent's longtime mentor, sounded off on the Treasury Secretary over intervention to bring down borrowing costs, calling it a mistake.Bitcoin briefly jumped above $80,000 for the first time since May, as the Treasury's efforts to hold down long-term interest rates reignite talk of a "dollar debasement trade:" Fears that the dollar's value could be eroded, fueling the case for bitcoin.Meanwhile, Ottawa is expected to unveil its latest move in its trade fight with the U.S. at 11 a.m. ET. Investors also are speculating which global bank could be hit with new U.S. sanctions, after Bessent said Monday that a major foreign financial institution would be targeted this week.Write to Alexander Osipovich at [email protected] item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).