European leaders’ push for increased military spending has boosted defense stocks, driving the euro higher and sending BAE Systems, Rheinmetall, and Saab shares soaring. The common currency rose 0.4% against the dollar as defense sector gains lifted the market capitalization by around $30 billion. Despite this, Bitcoin fell after a surge in value following President Trump’s comments on creating a crypto reserve.
Source: https://www.bloomberg.com/news/articles/2025-03-02/stock-market-today-dow-s-p-live-updates