Bitcoin Breaks Above $90k, Market Flat Wednesday | Live Stock
Good morning, traders. Happy Wednesday, November 13th. The S&P 500 was close to flat, and the market was a mixed bag. Some 'election equities' climbed, some fell. Bitcoin broke a new record, breaking $90k right as the market opened and traded up to $93k.
My name is Kevin Travers; here is the news about animal spirits moving markets today.
$JetBlue Airways (JBLU.US)$ climbed 14% after a Bloomberg report that $American Airlines (AAL.US)$ and the firm still wants to team up even after a court threw out their last Northeast Alliance plan, according to American Chief Isom and JetBlues President St. George.
$Rivian Automotive (RIVN.US)$ climbed 17%, leading moomoo's list of 'WallStreetBets' stocks, after the firm received more money from Volkswagen, now totaling $5.8B, and increasing the confidence of some analysts like Wedbush, that shared notes about the funding Wednesday.
$Paymentus Holdings (PAY.US)$ climbed 38% after better-than-expected earnings Tuesday night, with revenue of $231M that grew 51% year-over-year.
Look for $Cisco (CSCO.US)$ and $Nu Holdings (NU.US)$ earnings tonight, and $Disney (DIS.US)$ and $Applied Materials (AMAT.US)$.
$Bitcoin (BTC.CC)$ hit fresh highs, gold and silver both climbed. $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ both fell back, but both sat at highs since August and July.
The market overall traded on the edge of nothing Wednesday.
Just past 11:08 am ET the $S&P 500 Index (.SPX.US)$ traded flat, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.26%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.21%.
Consumer Price Index, a classic sign of inflation, showed that prices grew 2.6% year over year in October, about 0.2% higher than in September. Core CPI remained at 3.3%, excluding food and gas, right near where it has been for the past six months or so.
Federal Reserve Bank of Minneapolis President Neel Kashkari said the top figures from the latest consumer price report confirm inflation is headed down toward the central bank’s 2% target.
In macroeconomics this week, look for Fed speakers finally taking to the airwaves to talk about monetary policy, a week after cutting rates by 25 bps. Powell will speak on Thursday. Also, watch for Producer Price Index inflation numbers on Thursday.
Users were watching and enjoying the performance of smaller stocks flying or falling after earnings.
Traders, what do you think? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
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Chak : Bro, it’s 93K
NoDragonsPlz : crypto to the moon!
Kevin Travers OP Chak : third sentence bro
Space Dust : Volkswagen has ties to the new Scout also.
Hero123 : moo
Barry Helms : Hat's off to you man on the reporting of Bitcoin. I just love to hear how Bitcoin is doing these days. It makes me happy knowing that I did a job well done.
Alen Kok : o
Adrianlim90 : 1
101775147 AL alfijai : 1
74537620 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")