US stocks saw a slight uptick on Tuesday, with the S&P 500, Nasdaq, and Dow Jones all gaining around 0.3-0.5%. A rocky start to December trading had investors eyeing a potential Santa Claus rally amid concerns over inflation and AI spending.

Bitcoin stabilized after a sharp drop on Monday, climbing back above $88,000. The crypto market saw a rebound after Japan’s central bank and a DeFi hack caused a sell-off. Crypto-related stocks like Coinbase and Robinhood also recovered.

Billionaires Michael and Susan Dell pledged $6.25 billion to President Trump’s investment accounts for children, aiming to encourage 25 million kids under 10 to claim the new investment. Marvell, Snowflake, and Strategy stocks also saw premarket gains.

Bank of America suggested that wealth management clients could allocate up to 4% of their portfolio to crypto. MongoDB stock soared after beating revenue guidance, with CEO CJ Desai noting strong customer growth. Asian shares rose as global bond yields increased.

Read more at Yahoo Finance: Dow, S&P 500, Nasdaq edge higher as Wall Street regains its footing