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Wall Street Bounces Back in Christmas Week, With S&P on Track for Banner Year
Wall Street's attention is focused on 2025! Trump's first "debut" and January employment data will test the market.
After the brilliant year of the USA stock market, investors expect a seasonal trend to arrive in mid-January.
The "quantum frenzy" in the US stock market continues, with "quantum NVIDIA" RGTI skyrocketing by 36% and then rising another 10.62%!
After a 36% surge on Thursday, Rigetti Computing, NVIDIA in the quantum computing space, closed up 10.62% on Friday, bringing its year-to-date increase to nearly 1600%. Analysts state that this exciting rise highlights the market's confidence in quantum computing as a transformative power across industries, with experts predicting further expansion in its potential for efficiently solving complex problems and computational capabilities in the future.
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OpenAI's earthquake is divided in two, making a full sprint towards AGI! One half looks toward money, while the other half pretends to be idealistic.
OpenAI's for-profit division will transform into a Public Benefit Corporation (PBC) in Delaware, pursuing commercial profits; while the non-profit division will continue to focus on health, Education, and scientific charitable work. From now on, there are no obstacles for OpenAI to receive investors' money anymore! Netizens say: OpenAI has officially transformed into ClosedAI.
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Are changes ahead for the prospects of interest rate cuts? "Federal Reserve mouthpiece": The Federal Reserve is trying to assess Trump's influence.
What troubles Powell is how to handle the inflation pressure that may arise from Trump's policies without openly defying him. Will he compromise with Trump like he did in 2018? This time may be different.
Transaction volume TOP 20 | Several domestic car companies have started price reduction promotions, Tesla dropped nearly 5%; "Quantum NVIDIA" RGTI continues to rise over 10%, increasing 16 times this year.
On Friday, the top stock by transaction volume was Tesla, which fell by 4.95%, with a transaction volume of 35.957 billion USD; the second was NVIDIA, which fell by 2.09%, with a transaction volume of 23.274 billion USD; the third was Apple, which fell by 1.32%, with a transaction volume of 10.811 billion USD.
Is there still a Santa Claus rally? Understand in one article why the US stock market suddenly dropped on Friday.
Large Technology stocks are leading the decline, with Tesla once dropping over 6%, and the sell-off in QITABANKUAI is also accelerating. Aside from technical factors like profit-taking, the 10-year US Treasury yield is hovering at a seven-month high, intensifying the downward pressure on the stock market. Goldman Sachs states that by the end of the year, USA pensions will sell $21 billion in US stocks, and CTAs will sell an additional $4 billion, resulting in significant selling pressure.
U.S. stock market closing | Rising U.S. Treasury yields pressured U.S. stocks, with both the S&P 500 and Nasdaq falling over 1% overnight, but seeing slight gains over the week; Tesla dropped nearly 5%, leading the decline among the seven tech giants.
U.S. Treasury yields rose, putting pressure on U.S. stocks, with the Dow Jones dropping more than 560 points at its lowest, and the Nasdaq, Nasdaq 100, Small Cap, chip, and the China concept index all falling over 2% during intraday trading. However, the Dow Jones halted a three-week decline, ending with a weekly increase of 0.4%, the S&P 500 rose 0.7% for the week, and the Nasdaq gained 0.8% for the week.
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