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Outlook for the USA market: MSTR briefly exceeded $300 with the high price of bitcoin. The Dow Jones Industrial Average starts 68 points higher.

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moomooニュース米国株 wrote a column · Nov 11 08:34
Outlook for the USA market: MSTR briefly exceeded $300 with the high price of bitcoin. The Dow Jones Industrial Average starts 68 points higher.
Hello, Moomoo users!Here is the reading trend of the NY stock market tonight.
Market overview
US markets have started with the Dow Jones Industrial Average, which consists of high-quality stocks, up $68.66 to $44,057.65. The Nasdaq Composite Index, with a high proportion of technology stocks, started up 68.56 points at 19,355.34. The S&P 500, consisting of 500 large-cap stocks, started up 13.32 points at 6,008.86.
Outlook for the USA market: MSTR briefly exceeded $300 with the high price of bitcoin. The Dow Jones Industrial Average starts 68 points higher.
Top news
Stocks are rising, and Bitcoin has also surpassed $82,000.
● Stock prices have expanded their post-election gains, $Bitcoin (BTC.CC)$ and for the first time surpassed $82,000. The U.S. bond market was closed for Veterans Day.
● The Kremlin denied reports that President Putin had a phone call with President-elect Donald Trump. According to earlier reports by The Washington Post, President Putin and President Trump met on Thursday to discuss the goal of peace in Europe.
● The Bank of Japan discussed the need to be cautious about raising the benchmark interest rate and did not provide a clear indication of an increase next month. The yen continues to weaken.
● Hedge funds that short sold $Tesla (TSLA.US)$ during the period from Election Day to Friday's closing faced losses of at least $5.2 billion.
President Trump has promised to support digital assets, causing a surge in the cryptocurrency market.
- Traders are betting on President Trump opening up a new era for digital assets, leading to a rush of buying in cryptocurrencies. $Bitcoin (BTC.CC)$ On Monday, it soared to an unprecedented $82,387.53, with smaller tokens like Dogecoin rising by 40% since Friday.
- Mr. Trump has promised to establish a strategic Bitcoin reserve and appoint crypto-friendly regulatory authorities, positioning the USA at the center of the digital asset industry.
- Caroline Bowler, CEO of BTC Markets, pointed out, "The rising tide lifts all boats, and the Bitcoin boom is expected to spread relatively quickly to altcoins, benefiting the entire sector under the Trump administration."
- Blackrock's iShares Bitcoin Trust recorded a record net inflow of approximately $1.4 billion on Thursday, surpassing the iShares Gold Trust in total assets.
- Richard Galvin, founder of DACM, stated that institutional investors had avoided risks before the election but re-entered the market after Mr. Trump's victory, leading to sustained buying pressure.
The main focus of this week's economic agenda is inflation risks and earnings reports of high-tech companies.
- In the United States, inflation data will be released on Wednesday, with the Consumer Price Index (CPI) expected to rise by 0.2% for the fourth consecutive month.
- Neel Kashkari, the President of the Minneapolis Federal Reserve, emphasized on CBS that "to return the inflation rate to the target of 2%, we need to finish the job."
- On Friday, retail sales will be announced, and speeches by senior Fed officials, including Chairman Powell, are also scheduled.
- In other economic indicators, China will release key data, and the UK will announce the latest information on growth rate on Friday.
- Earnings reports in the United States are limited, $Home Depot (HD.US)$ $Disney (DIS.US)$ $Cisco (CSCO.US)$ $Shopify (SHOP.US)$ $Spotify Technology (SPOT.US)$ $Alibaba (BABA.US)$ $JD.com (JD.US)$ Main announcements will be made.
Related Articles:This week's earnings and economic calendar (11/11~11/15) - Keep an eye on the US CPI! How long will the 'Trump whirlwind' continue to affect US stocks?
Outlook for the USA market: MSTR briefly exceeded $300 with the high price of bitcoin. The Dow Jones Industrial Average starts 68 points higher.
moomoo News of Individual Stocks Zeber
Source: moomoo, Bloomberg
This article uses automatic translation in part.
Outlook for the USA market: MSTR briefly exceeded $300 with the high price of bitcoin. The Dow Jones Industrial Average starts 68 points higher.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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