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.
Express News | OpenAI - We're Experiencing an Outage Right Now - X Post
Jim Cramer Explains Why the Biggest Names in Tech Are Rallying
Google has reported to regulators: Microsoft and OpenAI are suspected of monopolistic practices, and exclusive Cloud Computing Service must be terminated.
The exclusive agreement makes Microsoft the only Cloud Computing Service provider for OpenAI technology, which places other competitors, such as Google and Amazon, at a significant disadvantage. These companies hope to host OpenAI's AI models so that their cloud customers can access OpenAI's technology without the need to use Microsoft's Server.
TOP20 turnover | Tesla rose nearly 6%, Musk's net worth set the milestone of the richest man in the world; Nvidia rose more than 3%
On Wednesday, the third-place US stock turnover Google-A closed 5.52% higher at $13.011 billion; the fifth place MicroStrategy closed 9.03% higher at $11.059 billion; and the 9th place Broadcom closed 6.63% higher, trading at $7.501 billion.
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%.
Transforming BI Governance: Datalogz Tackles BI Ops for the Critical Consumption Layer
Microsoft (MSFT) Outpaces Stock Market Gains: What You Should Know
Here's How Much of a Hit Microsoft Is Taking With Its Investment in GM's Cruise
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.
General Motors exits the autonomous taxi Business; Microsoft (MSFT.US) is expected to record a $0.8 billion impairment charge.
After General Motors (GM.US) announced its withdrawal from the Cruise self-driving taxi program, Microsoft (MSFT.US) is expected to record an impairment expense of $0.8 billion in the second quarter of 2025, which will have a negative impact of about 9 cents per share on profits. Microsoft announced a minority Private Equity investment in Cruise under General Motors in January 2021, as part of a $2 billion investment round, of which General Motors holds a majority stake.
Microsoft Flags $0.8M Writedown on Stake in GM-backed Cruise
Microsoft Options Spot-On: On December 11th, 264.42K Contracts Were Traded, With 2.65 Million Open Interest
On December 11th ET, $Microsoft(MSFT.US)$ had active options trading, with a total trading volume of 264.42K options for the day, of which put options accounted for 29.55% of the total transactions,
Microsoft to Incur $800M Charge Tied to Cruise Robotaxi Program
Express News | Microsoft - Expect to Record Impairment Charge Due to GM's Intent to No Longer Fund Cruise's Robotaxi Development Work
Express News | In the second fiscal quarter, Microsoft will recognize approximately 0.8 billion dollars in expenses due to Cruise.
Express News | Microsoft - Expect to Record an Impairment Charge of Approximately $800 Mln in Q2 of Fiscal Year 2025
Express News | Microsoft Corp - Shareholders Approve, on an Advisory Basis, Named Executive Compensation at AGM
Express News | Microsoft Corp - Shareholders Reject Proposal on Assessment of Investing in Bitcoin at Dec 10 AGM
Magnificent Seven Tech Titans Hit $18.2 Trillion Market Cap: Alphabet, Amazon, Apple, Meta, Tesla Jointly Notch All-Time Highs