NASDAQ reaches 20,000 point milestone! Tesla led a group of tech giants to reach new highs. Has the Christmas market started?
Historically, every year on the seven trading days after Christmas, that is, the five trading days at the end of the year and the first two trading days of the following year, investors tend to go long, and US stocks are likely to rise. This seven-day market is called the “Christmas market.” The data shows that in the past 70 years, the S&P 500 index has an 80% chance of rising in these seven trading days.
The USA CPI is as expected; did the Federal Reserve's interest rate cut in December become stable?
The latest CPI report indicates that inflation is not worse than expected, and analysts believe this paves the way for the Federal Reserve to cut interest rates by 25 basis points next week.
Futu Morning Post | Pushing US Stocks to Reach New Highs? Trump will ring the opening bell for the NYSE on Thursday; star tech stocks hit new highs, and Bitcoin will rise to 0.1 million dollars
The AI transformation was bumpy, and Adobe's revenue outlook for 2025 fell below expectations, falling more than 8% after the market; Apple launched Siri integrated with ChatGPT, and it is reported that the iPhone SE 4 will be released around March next year.
Interact with Wall Street! Trump will ring the opening bell for the NYSE on Thursday
On Wednesday EST, according to Bloomberg, US President-elect Trump plans to appear at the New York Stock Exchange and ring the opening bell on Thursday. As a staunch supporter of the stock market, Trump often sees market performance as a litmus test for economic policy, and promoted tax cuts and deregulation during his first term, helping the stock market reach new highs over and over again. Trump has conveyed his interaction with Wall Street to the market this time, and the market is also looking forward to his upcoming policies.
Express News | CICC: US inflation may drive “hawkish interest rate cuts”
Wall Street interprets CPI: Without changing the “gradual easing” of the Federal Reserve, strong core inflation supports the suspension of interest rate cuts in January
Analysis suggests that the CPI, which meets expectations, demonstrates that the cooling of inflation has basically stagnated in recent months. While this is not enough to disrupt the year-end bull market in U.S. stocks, it also means that an interest rate cut next week is not guaranteed, especially with the potential inflation upward risks brought by Trump's tariffs and fiscal expansion next year drawing attention. The yield on 10-year U.S. Treasuries first fell and then rose.
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
US stock market closing | The Nasdaq rose over 1.7%, surpassing 20,000 points for the first time! Tesla, Google, Amazon, Meta, and Netflix all reached historical highs.
① The Nasdaq China Golden Dragon Index fell by 0.74%, with most China Concept Stocks experiencing declines; ② Reports state that Apple is collaborating with Broadcom to develop an AI Chip; ③ Google launched the next generation AI model Gemini 2.0; ④ Musk became the first person in the world with a net worth exceeding 400 billion dollars.
Overnight U.S. stocks | The Nasdaq broke 0.02 million points, setting a historical high, and Musk became the first person in the world with a net worth exceeding 400 billion.
As of the close, the Dow Jones Industrial Average fell 99.27 points, a decrease of 0.22%, closing at 44,148.56 points; the Nasdaq rose 347.65 points, an increase of 1.77%, closing at 20,034.89 points; the S&P 500 Index rose 49.28 points, an increase of 0.82%, closing at 6,084.19 points.
Nasdaq Up Big, Dow Down a Bit, Following CPI, Budget Data
IShares Russell 2000 ETF Options Spot-On: On December 11th, 1.4 Million Contracts Were Traded, With 12.49 Million Open Interest
On December 11th ET, $iShares Russell 2000 ETF(IWM.US)$ had active options trading, with a total trading volume of 1.4 million options for the day, of which put options accounted for 49.95% of the
Equity Markets Mixed After CPI Report
Express News | A historic moment! The Nasdaq Index has first reached 20,000 points, setting a new historical high.
Wall St Advances as Inflation Data Cements December Rate-cut Hopes
Major Indexes Are Higher Following In-line US Inflation Data.
Wall Street Gains, Tech Rallies, Tesla Hits All-Time Highs As Inflation Data Firms Up Fed's Next Interest Rate Cut
Here's How Much $100 Invested In Applied Industrial Techs 5 Years Ago Would Be Worth Today
Express News | The Bank of Canada has cut interest rates by 50 basis points for the second consecutive month.
Looking Into Applied Industrial Techs's Recent Short Interest
Express News | US Nov. CPI YoY +2.7% Vs +2.7% Forecast, Prior +2.6%