Market Overview
Powell’s dovish remarks and expectations of Trump’s policies drove $Dow Jones Industrial Average(.DJI.US$ to a record high.
Capital rotation continued, with small-cap stocks surging over 2% at one point, leading the charge. Over four days, small-cap stocks have risen nearly 8%, marking the best performance in four years. Regional bank stocks have been up for six consecutive days.
The chip sector opened high but closed lower. $Tesla(TSLA.US$ opened about 7% higher, closing nearly 2% up; $NVIDIA(NVDA.US$ was down 1.6% at one point; $Amazon(AMZN.US$ , $Meta Platforms(META.US$ , and $Microsoft(MSFT.US$ all turned negative during the session; $Apple(AAPL.US$ rose 1.7% to a new high. $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$ hit a new high as well.
Under Trump policy expectations, solar stocks saw double-digit drops during the session, Bitcoin-related stocks jumped by double digits, Trump’s media company surged over 31%, the best in three and a half months, and energy stocks benefited.
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Sung Jun Lee : DJT is no hope rise because short selling 500.000.000 share waiting.
Simon 5183 Sung Jun Lee : Did you know that DJT's market flow was only 0.19 billion shares, so short 0.5 billion shares? There should be a limit to nonsense!