Nasdaq and Bitcoin Remain in Demand As They Push to Another Record High
Today in the US stock markets, Nasdaq continuing the bullish momentum to a new record high, as did Bitcoin which climbed away from $100K.
Today US stock markets closed mixed, with Nasdaq continuing the bullish momentum to a new record high, as did Bitcoin which climbed away from the $100K level.
The US market displayed a mixed picture today, with the Nasdaq achieving a record 2.5% gain while the Dow Jones fell for the eighth consecutive session. On the economic front, President-elect Trump announced a $100 billion investment commitment by SoftBank to create 100,000 jobs, which buoyed US equities, particularly in the technology sector.
PMI data revealed a nuanced picture: the Services PMI hit a 38-month high of 58.5 points, underscoring strength in the services sector, while inflation pressures in this area eased to a 4.5-year low, signaling some relief on pricing pressures.
Main US Stock Indices Gains/Losses for the Day
- Dow Jones Industrial Average: Fell -110 points (-0.3%) to close at 43,717.72, marking its 8th consecutive day of losses.
- S&P 500 Index: Gained 23 points (+0.4%) to close at 6,074.
- Nasdaq Index: Led gains with a rise of 247.17 points (+1.3%), closing at a record high of 20,174.
- Russell 2000 (Small-Cap Index): Increased by 15 points (+0.65%) to finish at 2,362.
The US stock market delivered a mixed performance today, with the Dow continuing its losing streak for an 8th consecutive session, while the Nasdaq reached a record high, driven by strong gains in the tech sector. Broader indices like the S&P 500 and Russell 2000 posted moderate gains, reflecting resilience in other market segments despite ongoing challenges for industrials.
Bitcoin Chart Daily – The 20 SMA Holding the Uptrend
US Treasury yields were varied, reflecting ongoing adjustments after yesterday’s increases. Bitcoin surged to a new all-time high, reaching $106,199 and briefly touching $107,821, with bullish sentiment fueled by projections like Scaramucci’s forecast of $200,000 by 2025.
Bitcoin Live Chart
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