According to @ReutersBiz, the S&P 500 ended higher as Morgan Stanley and Bank of America rallied after solid quarterly results, while investors stayed focused on rising China-US trade tensions; source: Reuters Business. The session reflected earnings-driven strength in US financials that supported broader risk appetite and sector rotation, which equity traders monitor for near-term momentum; source: Reuters Business. For crypto markets, this risk-on backdrop matters because IMF research documents a stronger post-2020 correlation between Bitcoin and US equity benchmarks, implying potential spillover to BTC and ETH volatility from equity moves; source: International Monetary Fund. Traders should watch for fresh China-US trade headlines as catalysts for cross-asset sentiment given they remained a focal point for investors; source: Reuters Business.