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U.S. stocks closed higher with all three major indices rising. The Dow, S&P, and Russell 2000 all hit record highs, while nvidia fell more than 4% against the market; bitcoin fell below $93,000, while microstrategy dropped more than 4%.
Funds continue to flow out of the technology sector, rotating into cyclical stocks. The Dow rose more than 400 points, while the Russell small cap stocks rose by 2.5% at one point. The S&P hit a new intraday high before narrowing its gains. Nvidia dropped over 4% to a three-week low, Tesla fell by nearly 4%, Nio dropped by 3.6%, but Alibaba rose by nearly 3%.
Shares of Companies Within the Broader Tech Sector Are Trading Higher, With Stocks Rising Amid a Drop in Yields. President-elect Trump Nominated Scott Bessent as Treasury Secretary.
Applied Digital And Hims & Hers Health Are Among Top 9 Mid-Cap Gainers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?
Roth MKM Maintains Applied Digital(APLD.US) With Buy Rating, Raises Target Price to $13
Strategic Growth and Financial Potential Drive Buy Rating for Applied Digital Corporation
Applied Digital Expands Stock and Amends Incorporation