Tech Weakness Drives Third Day Of Losses
Top 20 by transaction volume | Tesla fell over 3%, with a transaction volume exceeding 27 billion USD; Bitcoin briefly dropped below 92,000 USD, MicroStrategy fell over 8%.
On Monday, the top traded stock in the US was Tesla, which closed down 3.30% with a trading volume of 26.673 billion dollars. The second was NVIDIA, which closed up 0.35% with a trading volume of 23.068 billion dollars. The third was Apple, which closed down 1.33% with a trading volume of 8.953 billion dollars.
What happened? The Christmas rally in U.S. stocks encountered setbacks, with Goldman Sachs warning that headwinds have exceeded tailwinds in the past two days.
Goldman Sachs estimates that recent rebalancing by retirement funds involved selling 27 million dollars in stocks, noting that retirement funds often begin a portion of their rebalancing trades one or two days in advance. Last Friday's sell-off, accompanied by rising US Treasury yields, was a strong signal indicating that this rebalancing is occurring, and the decline in US stocks last Friday is expected to trigger more CTA sell-offs in the coming days.
US Stocks Drop for a Third Day; Treasuries Rally
The U.S. stock market will be closed on January 9 to mourn former president Carter's passing, a tradition that has been in place for a hundred years.
① The U.S. stock market will be closed on January 9 next year to mourn former President Carter; ② Closing the market to commemorate former presidents is also a tradition in the American Financial market that has lasted for over a hundred years; ③ It is reported that the Bonds market will close early at 2 PM on January 9.
Media: ByteDance plans to spend 7 billion USD on NVIDIA chips next year.
According to reports, ByteDance is negotiating with Datacenter operators about the use of Blackwell chips. The company stated that some information in the report is "inaccurate," but did not provide further details. Three weeks ago, media cited estimates from the global technology consulting firm Omdia, claiming that ByteDance has become the largest buyer of NVIDIA AI chips within China, and even the largest customer of NVIDIA in Asia, with the estimated order quantity for NVIDIA Hopper chips in 2024 only second to Microsoft.
U.S. stock market close | The S&P 500 and Nasdaq have fallen more than 1% for two consecutive trading days, Growth Tech stocks generally declined, with Tesla down over 3%.
As the USA debt ceiling will be reinstated on January 2 next year, the Treasury may reach the debt ceiling between January 14 and January 23, at which point extraordinary measures will need to be taken to prevent a sovereign debt default by the USA.
For the first time in history! The assets of USA ETFs have surpassed 10 trillion dollars.
According to the latest data from Cerulli Associates, assets of Exchange-traded Funds in the USA exceeded 10 trillion dollars for the first time in November.
SpaceX benefits from Trump’s "first brother" Musk, global resistance to Starlink is diminishing.
According to the media, even before Musk spent over 0.2 billion dollars to help Trump get elected, Starlink had already launched its Business plans across various countries globally. Now, people are not worried about Musk undermining state-owned telecommunications channels, but rather concerned about government officials trying to extract economic benefits from Musk's industrial complex.
Under antitrust pressure? After NVIDIA's $0.7 billion acquisition, AI startup Run:ai plans to open source their Software.
Run:ai's Software only runs on systems based on NVIDIA, which has stated that the two companies have been closely cooperating since 2010. The USA Department of Justice and the EU previously launched investigations into whether NVIDIA's acquisition of Run:ai would harm competition. Just over a week ago, the European Commission concluded that the acquisition would not hinder competition in the AI and GPU fields, approving the Trade.
SPDR S&P 500 ETF Options Spot-On: On December 30th, 9.33 Million Contracts Were Traded, With 17.87 Million Open Interest
On December 30th ET, $SPDR S&P 500 ETF(SPY.US)$ had active options trading, with a total trading volume of 9.33 million options for the day, of which put options accounted for 49.74% of the total
Benzinga's Top 5 Stories In 2024: The Year Of The Cybertruck
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