Bitget UEX Daily: Broadcom Earnings, Oil Prices Rebound, and US Stocks Close August Higher

Market sentiment remains cautious as September rate hike expectations persist, with focus shifting to upcoming ISM manufacturing data and non-farm payrolls. Oil prices surged past $90 for Brent amid escalating tensions between the US and Iran. Despite a decline in US equities on Monday, major indices finished August with gains. Bitcoin showed resilience compared to traditional assets, maintaining a strong position near $78,750, while Ethereum lagged. Tesla stood out with a 5% gain, contrasting with broader tech sector weakness led by Google and Amazon.