Market Overview

The U.S. Supreme Court made a favorable ruling for Trump's presidential campaign, boosting the dollar and long-term Treasury yields. Wall Street advises preparing for the possibility of a Trump victory.

$Dow Jones Industrial Average(.DJI.US)$ narrowly closed higher, $Nasdaq Composite Index(.IXIC.US)$ hit a new high, with $Apple(AAPL.US)$ and $Microsoft(MSFT.US)$ reaching new highs. $Tesla(TSLA.US)$ surged over 6%, leading the "Tech Magnificent Seven," while $NVIDIA(NVDA.US)$ fell 3.8% before turning positive. The chip index fell 1.8% in early trading but turned positive after midday. The 10-year U.S. Treasury yield rose 15 basis points to a one-month high, steepening the yield curve.

The dollar hit a daily high before turning lower, the euro rose as much as 0.6% to a two-week high, and the yen fell to 161.74, the lowest since 1986.

Oil prices rose about 2% to a two-month high. Bitcoin broke above $63,000.