ASX to rise, S&P 500 resets record high, bitcoin tops $US113,000

Australian shares are set to open higher, with relatively modest gains in New York helping the S & P 500 reset its record high as it edged closer to the 6300-point level. In a social media post, President Donald Trump took credit for Nvidia's push to a $US4 trillion market cap and pressed the Federal Reserve anew to "rapidly" lower interest rates. In contrast, Sevens Report author Tom Essaye said Trump's current tariff negotiation strategy could result in the Fed "delaying" a rate cut past September. "There's zero chance we'll have tariff clarity by August 1, which makes a July…