Outlook for the USA market: Bitcoin sharply rebounds, temporarily recovers to the $0.096 million level. Dow Inc opens 62 points higher.
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Here is tonight's analysis of NY stocks.
Market Overview
Starting in the US market, the Dow Jones Industrial Average, composed of excellent stocks, opened at $42,636.70, up $62.97, while the Nasdaq Composite Index, with a high proportion of tech stocks, started at 19,551.36, up 64.58 points. The S&P 500 Index, consisting of 500 large cap stocks in the US, closed higher by 12.80 points at 5,919.74.
Starting in the US market, the Dow Jones Industrial Average, composed of excellent stocks, opened at $42,636.70, up $62.97, while the Nasdaq Composite Index, with a high proportion of tech stocks, started at 19,551.36, up 64.58 points. The S&P 500 Index, consisting of 500 large cap stocks in the US, closed higher by 12.80 points at 5,919.74.
Top News
Tonight's outlook
On the last trading day of 2024, US stock futures are suggesting a slight uptick on Wall Street. The so-called 'Santa Claus Rally' has not materialized as expected, reflecting concerns about this year's rise being led by a few technology giants in the US amidst a cautious market atmosphere on Tuesday.
● $Bitcoin (BTC.CC)$ The price rose, briefly surpassing $96,000.
In February, European natural gas prices rose by up to 2.2% amid expectations of supply disruptions from Russia through Ukraine. The 5-year gas supply contract between Russia and Ukraine is set to expire at the end of 2024, potentially ceasing gas supply to Central Europe.
Tonight's outlook
On the last trading day of 2024, US stock futures are suggesting a slight uptick on Wall Street. The so-called 'Santa Claus Rally' has not materialized as expected, reflecting concerns about this year's rise being led by a few technology giants in the US amidst a cautious market atmosphere on Tuesday.
● $Bitcoin (BTC.CC)$ The price rose, briefly surpassing $96,000.
In February, European natural gas prices rose by up to 2.2% amid expectations of supply disruptions from Russia through Ukraine. The 5-year gas supply contract between Russia and Ukraine is set to expire at the end of 2024, potentially ceasing gas supply to Central Europe.
Tesla Shanghai's energy storage gigafactory has commenced trial production.
$Tesla (TSLA.US)$ Tesla China announced on Tuesday that the Energy Storage Gigafactory in Shanghai has started trial production. Mass production is expected to begin early next year.
$Tesla (TSLA.US)$ Tesla China announced on Tuesday that the Energy Storage Gigafactory in Shanghai has started trial production. Mass production is expected to begin early next year.
NVIDIA overcame regulatory obstacles and completed the acquisition of Run:ai for 0.7 billion dollars.
● Semiconductor Manufacturer $NVIDIA (NVDA.US)$ announced on Monday that it has completed the acquisition of Israel's AI company Run:ai. The acquisition was subject to antitrust review.
● In early December, the European Commission unconditionally approved NVIDIA's 0.7 billion dollar acquisition proposal of Run:ai. Run:ai supports infrastructure optimization for AI and in October required clearance under the EU's antitrust laws.
● The EU's antitrust watchdog had warned that this acquisition could threaten competition in the markets where both companies operate. The investigation focused on NVIDIA's potential actions to strengthen its dominance in the GPU (Graphics Processing Unit) market. NVIDIA boasts a dominant market share in the AI graphics processor market, reaching about 80%.
● Semiconductor Manufacturer $NVIDIA (NVDA.US)$ announced on Monday that it has completed the acquisition of Israel's AI company Run:ai. The acquisition was subject to antitrust review.
● In early December, the European Commission unconditionally approved NVIDIA's 0.7 billion dollar acquisition proposal of Run:ai. Run:ai supports infrastructure optimization for AI and in October required clearance under the EU's antitrust laws.
● The EU's antitrust watchdog had warned that this acquisition could threaten competition in the markets where both companies operate. The investigation focused on NVIDIA's potential actions to strengthen its dominance in the GPU (Graphics Processing Unit) market. NVIDIA boasts a dominant market share in the AI graphics processor market, reaching about 80%.
MicroStrategy purchased Bitcoin worth 0.29 million dollars, with a slowing purchase pace.
● $MicroStrategy (MSTR.US)$ Purchased approximately 0.29 billion dollars worth of Bitcoin and continued the cryptocurrency acquisition strategy for 8 consecutive weeks. The purchased Bitcoin amounted to 2,138 pieces, with an average purchase price of 97,837 dollars.
● Michael Saylor, the chairman of the company, has placed Bitcoin acquisition at the center of the business strategy, leading MicroStrategy to exceed a market cap of 80 billion dollars and be included in the Nasdaq 100 Index.
● Despite the decline in Bitcoin prices from previous highs, MicroStrategy has reduced its weekly purchase pace, indicating a change in acquisition pace.
● In order to continue raising funds for Bitcoin purchases, the company plans to raise 42 billion dollars through stock sales and issuance of convertible bonds over 3 years and has already achieved two-thirds of the target in 2 months.
● Hedge funds are contributing to MicroStrategy's fundraising demand using a convertible arbitrage strategy, purchasing the company's bonds and betting on the volatility of the stock price by short selling the stocks.
● $MicroStrategy (MSTR.US)$ Purchased approximately 0.29 billion dollars worth of Bitcoin and continued the cryptocurrency acquisition strategy for 8 consecutive weeks. The purchased Bitcoin amounted to 2,138 pieces, with an average purchase price of 97,837 dollars.
● Michael Saylor, the chairman of the company, has placed Bitcoin acquisition at the center of the business strategy, leading MicroStrategy to exceed a market cap of 80 billion dollars and be included in the Nasdaq 100 Index.
● Despite the decline in Bitcoin prices from previous highs, MicroStrategy has reduced its weekly purchase pace, indicating a change in acquisition pace.
● In order to continue raising funds for Bitcoin purchases, the company plans to raise 42 billion dollars through stock sales and issuance of convertible bonds over 3 years and has already achieved two-thirds of the target in 2 months.
● Hedge funds are contributing to MicroStrategy's fundraising demand using a convertible arbitrage strategy, purchasing the company's bonds and betting on the volatility of the stock price by short selling the stocks.
ーmoomooニュースZeber
Source: Bloomberg, MOOMOO
This article utilizes auto-translation in some parts.
Source: Bloomberg, MOOMOO
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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