Witness another historic moment!
Overnight, US technology stocks rose strongly, driving $Nasdaq Composite Index (.IXIC.US)$ It has historically risen above the 20,000 mark.
It is worth mentioning that as early as the beginning of this year, Dan Ives (Dan Ives), a star analyst at investment bank Wade Bush, predicted that in 2024, US technology stocks are expected to rise further 25%, and the NASDAQ index may hit the 20,000 mark.
Looking at constituent stocks, $Applovin (APP.US)$ increased by more than 700% during the year; $MicroStrategy (MSTR.US)$ Up more than 550% $Palantir (PLTR.US)$ Up more than 322%, $Robinhood (HOOD.US)$ , $NVIDIA (NVDA.US)$ Waiting for an increase of nearly 2 times.
Overnight, the top 7 US stock companies also had a group carnival. Among them $Amazon (AMZN.US)$ , $Alphabet-A (GOOGL.US)$ , $Meta Platforms (META.US)$ , $Tesla (TSLA.US)$ They all hit record highs. Among them, Google rose for four consecutive days, with a cumulative increase of 13%, and the company announced the development of a chip with excellent computing power and suitable for quantum computers. Apple also broke through a new high for a while, but eventually closed down.
Along with the rise in Tesla's stock price, Musk's personal wealth has further expanded. According to the Bloomberg Billionaires Index, Musk's net personal wealth value exceeds 400 billion US dollars, making him the first person in the world to break the 400 billion US dollar net worth mark, setting a new record for the highest wealth of the world's richest person.
According to the news, data released earlier by the US Department of Labor showed that the US consumer price index (CPI) rose 0.3% month-on-month and 2.7% year-on-year in November, 0.1 percentage points faster than the October data, respectively. After the report was released, the Wall Street Panic Index fell below 14, which meant that the market had no notable risks in the short term, and the stock market would continue to rise.
Peter Cardillo, chief market economist at Spartan Capital Securities, said: “The Nasdaq index has risen due to the prospect that the Federal Reserve will cut interest rates next week, and there is room for further growth.”
Meanwhile, star technology stocks are once again in the market focus. Previously elected President Trump said he would appoint Andrew Ferguson (Andrew Ferguson) to lead the Federal Trade Commission (FTC) to replace current Federal Trade Commission Chairman Lina Khan (Lina Khan).
The brokerage firm Wedbush announced that this is a major benefit for large technology companies. Because the big seven tech stocks have launched againmergers and acquisitionsEngine, Microsoft, Oracle, Alphabet, Amazon, and Tesla will speed up deals to expand their tech moat.
Earlier, as time began to enter mid-December, the Christmas market was also expected to start.The previous article also suggested thatHistorically, 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.
Also, interchangeably, Bloomberg quoted people familiar with the matter as saying that US President-elect Trump plans to appear on the New York Stock Exchange this Thursday and ring the opening bell. The news has not been made public, but Trump's schedule has been confirmed.
The market believes that 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 now conveyed his interaction with Wall Street to the market, and the market is also looking forward to his upcoming policies.
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Edit/Somer