Outlook for the American market: Bitcoin hits new highs, Super Micro crashes, excluded from the Nasdaq 100.
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Here is tonight's analysis of NY stocks.
Market Overview
The U.S. market started with the Dow Jones Industrial Average, which consists of high-quality stocks, trading 2.30 dollars lower at 43,825.76. The tech-heavy Nasdaq Composite Index started 89.40 points higher at 20,016.12. The S&P 500, which consists of 500 large-cap U.S. stocks, traded 12.70 points higher at 6,063.79.
The U.S. market started with the Dow Jones Industrial Average, which consists of high-quality stocks, trading 2.30 dollars lower at 43,825.76. The tech-heavy Nasdaq Composite Index started 89.40 points higher at 20,016.12. The S&P 500, which consists of 500 large-cap U.S. stocks, traded 12.70 points higher at 6,063.79.
Top News
The December NY Fed Manufacturing Business Index fell below expectations to 0.2.
The USA's NY Federal Reserve Manufacturing Business Conditions Index, announced at 10:30 pm on the 16th, fell short of expectations at 0.2. The Federal Reserve Board (FRB) will hold the Federal Open Market Committee (FOMC) on December 17th and 18th. Market expectations are leaning towards the Fed lowering interest rates consecutively over the next three meetings, especially after the unemployment rate increased in November compared to the previous month, indicating a slight relaxation in labor market tension.
The Trump administration is proposing to cut support for electric vehicles.
According to Reuters, the Trump administration transition team has proposed cutting support for electric vehicles and charging stations. During the election period, Mr. Trump declared easing regulations on fossil fuel cars and reversing Biden's policies on electric vehicles. The Trump transition team has also proposed imposing tariffs on battery materials worldwide to boost American production and conducting individual exemption negotiations with allied countries.
According to Reuters, the Trump administration transition team has proposed cutting support for electric vehicles and charging stations. During the election period, Mr. Trump declared easing regulations on fossil fuel cars and reversing Biden's policies on electric vehicles. The Trump transition team has also proposed imposing tariffs on battery materials worldwide to boost American production and conducting individual exemption negotiations with allied countries.
SoftBank's Masayoshi Son is expected to announce a $100 billion investment in the USA during a meeting with Trump = CNBC.
According to CNBC reports, SOFTBANK GROUP CO's Chairman and President, Masayoshi Son, revealed that he will hold talks with the incoming USA President, Trump. Son is expected to announce plans to invest $100 billion in the USA over the next four years when he visits Trump's Mar-a-Lago estate in Florida. Additionally, during this meeting, a promise to create 100,000 new jobs, primarily focused on artificial intelligence and related infrastructure, in collaboration with Trump was made. The $15 trillion fund is expected to be deployed before the end of Trump's term.
According to CNBC reports, SOFTBANK GROUP CO's Chairman and President, Masayoshi Son, revealed that he will hold talks with the incoming USA President, Trump. Son is expected to announce plans to invest $100 billion in the USA over the next four years when he visits Trump's Mar-a-Lago estate in Florida. Additionally, during this meeting, a promise to create 100,000 new jobs, primarily focused on artificial intelligence and related infrastructure, in collaboration with Trump was made. The $15 trillion fund is expected to be deployed before the end of Trump's term.
MicroStrategy has been included in the Nasdaq 100 Index, with Bitcoin reaching a record high of over $0.16 million.
On Saturday. $MicroStrategy (MSTR.US)$revealed that it will be added to the "Nasdaq 100 Index" starting from December 23rd. According to analysts, MicroStrategy joining the Nasdaq 100 Index may lead to index funds buying the company's shares. This could make it easier for the company to raise funds for expanding its Bitcoin holdings. Furthermore, Bitcoin showed resilience over the weekend, temporarily reaching $164,933 at the beginning of the week, setting a new all-time high.
On Saturday. $MicroStrategy (MSTR.US)$revealed that it will be added to the "Nasdaq 100 Index" starting from December 23rd. According to analysts, MicroStrategy joining the Nasdaq 100 Index may lead to index funds buying the company's shares. This could make it easier for the company to raise funds for expanding its Bitcoin holdings. Furthermore, Bitcoin showed resilience over the weekend, temporarily reaching $164,933 at the beginning of the week, setting a new all-time high.
Apple announced plans for a thinner and foldable iPhone.
According to The Wall Street Journal (WSJ), Apple is planning to announce even thinner iPhones next year compared to the current approximately 8mm thick models. This new model is expected to simplify the camera system for cost reduction and be offered at a more affordable price than the Pro models. Additionally, development is underway for two folding devices. One is a large device that can be used as a laptop, which, when unfolded, will have a screen size of approximately 19 inches, comparable to some desktop monitors. The other smaller model will function as a foldable iPhone and will feature a larger display than the "iPhone 16 Pro Max" when unfolded.
According to The Wall Street Journal (WSJ), Apple is planning to announce even thinner iPhones next year compared to the current approximately 8mm thick models. This new model is expected to simplify the camera system for cost reduction and be offered at a more affordable price than the Pro models. Additionally, development is underway for two folding devices. One is a large device that can be used as a laptop, which, when unfolded, will have a screen size of approximately 19 inches, comparable to some desktop monitors. The other smaller model will function as a foldable iPhone and will feature a larger display than the "iPhone 16 Pro Max" when unfolded.
MicroStrategy adds 15,350 Bitcoins, bringing the total to 439,000.
On the 16th, MicroStrategy announced the acquisition of approximately 15,350 Bitcoins for about $1.5 billion in cash from December 9th, 2024 to December 15th, 2024, with an average cost of about $100,386 including fees and expenses.
As of December 15, 2024, the Company and its subsidiaries own approximately 439,000 Bitcoins, with a total purchase price of approximately $27.1 billion, and the average purchase price including commissions and fees is approximately $61,725.
On the 16th, MicroStrategy announced the acquisition of approximately 15,350 Bitcoins for about $1.5 billion in cash from December 9th, 2024 to December 15th, 2024, with an average cost of about $100,386 including fees and expenses.
As of December 15, 2024, the Company and its subsidiaries own approximately 439,000 Bitcoins, with a total purchase price of approximately $27.1 billion, and the average purchase price including commissions and fees is approximately $61,725.
- MOOMOO News: Alicia
Source: MOOMOO, Bloomberg, Dow Inc, Trader's Web
This article utilizes auto-translation in some parts.
Source: MOOMOO, Bloomberg, Dow Inc, Trader's Web
This article utilizes auto-translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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