Entering the Christmas month! The Christmas market may continue to drive the U.S. stock market to new highs, with these sectors expected to become the "hottest opportunities"
Historically, in the seven trading days after Christmas, which include the last five trading days of the year and the first two trading days of the next year, investors tend to be more bullish, with a high probability of an uptrend in the U.S. stock market. This seven-day period is known as the 'Santa Claus rally.' Data shows that over the past 70 years, there has been an 80% chance of the S&P 500 index rising during these seven trading days.
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US stock market early trading | Nasdaq up nearly 1%! Growth tech and semiconductor stocks are generally rising, taiwan semiconductor, marvell technology up over 4%, super micro computer surged over 12%
On the evening of the 2nd Beijing time, the US stock market opened slightly higher on Monday. As the US stock market enters the last month of the year, the market this week is focused on the US November non-farm payrolls, Trump administration policies, and the Fed's interest rate path.
Super micro computer rose nearly 16% in early trading! The review found no improper behavior and decided to replace the chief financial officer.
Super micro computer's pre-market trading increased by 13%, with early gains approaching 16%. The company announced it will replace chief financial officer David Weigand and is seeking a new chief compliance officer and general counsel. An external review found no misconduct by the company.
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Express News | U.S. semiconductor stocks rose, with taiwan semiconductor and marvell technology up over 4%, intel up nearly 4%, broadcom and AMD up nearly 3%, and nvidia up over 1%.
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