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In a single day, the market cap dropped nearly 100 billion dollars! Google was "severely hit" by the Department of Justice, yet why does Wall Street remain bullish?
According to a report from the Financial Times of the United Kingdom on the 21st, the court documents submitted by the USA Department of Justice on Thursday indicated that the department believes that by divesting the Chrome browser and Android operating system, it could effectively weaken Google's dominant position in the online search market. Affected by this news, Google's stock plummeted over 7% at one point, ultimately closing down 4.74%.
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Goldman Sachs stated that the Department of Justice may require Google to divest the Android operating system, restricting Google from bundling its own services on Android devices, which will pose a significant obstacle to Google's search business revenue, as it not only restricts search query volume, but also limits Google's access to cross-service first-party data through unified user logins.
Top 20 Transaction Volume | Tesla rose nearly 4%; Chuanzheng is preparing for the Cybertruck's launch in china.
On Friday, the top traded stock in the US was nvidia, which dropped 3.22% with a trade volume of 33.481 billion USD.
US stocks closed | All three major indices rose for the entire week! The Dow Jones hit a new closing high, Tesla rose nearly 4%; cryptos concept stocks all rose, MSTR increased by over 6%.
Funds flowed out of technology stocks and into economically sensitive cyclical stocks. The Nasdaq fluctuated between gains and losses, dragged down by over 3% drop in Nvidia and 1.7% drop in Google Class A. The Dow Jones rose by about 1%, small caps rose by 1.8%, and Chinese concept stocks fell by 1.4%. The S&P 500 and Nasdaq accumulated gains of 1.7% for the week, the Dow rose by about 2%, Tesla rose nearly 10% for the week, and Super Micro Computer soared by over 78%, its best week ever. MicroStrategy, known as a 'Bitcoin whale', rebounded by 6% on Friday. Economic weakness pushed the Euro to a two-year low, while the US Dollar rose for the third consecutive week to a two-year high. Offshore Renminbi fell by over 200 points for the week to nearly a four-month low. US oil had its best two-month gain with a 6.5% increase for the week, gold rose by over 1% to surpass $2700, marking its best week in over a year with a 5.7% increase.
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Alphabet-C Options Spot-On: On November 22nd, 194.63K Contracts Were Traded, With 1.39 Million Open Interest
On November 22nd ET, $Alphabet-C(GOOG.US)$ had active options trading, with a total trading volume of 194.63K options for the day, of which put options accounted for 27.77% of the total transactions,
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US stocks early trading | Some cryptos concept stocks rose, CleanSpark surged over 5%, MSTR rebounded nearly 4%; super micro computer rose over 12% again, accumulating over 80% in the past six trading days.
On the evening of the 22nd in peking time, all three major stock indexes are likely to record gains this week. The market continues to focus on signs of sector rotation from technology stocks to cyclical stocks.