The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
AGM Group Holdings Secures Major Product Contract With Canaan Creative
Canaan Signs Purchase Agreement With AGM Group Holdings; Provides 2000 A15 Hydro Bitcoin Mining Machines In Initial Order
Express News | Canaan Inc - to Provide 2,000 Bitcoin Mining Machines to Agmh
Canaan Inc. Signs Agreement With AGM Group Holdings Inc.
B.Riley Financial Maintains Canaan(CAN.US) With Buy Rating, Raises Target Price to $4
US stocks fluctuate | Cryptos Concept stocks rise as Trump announces significant action on Cryptos.
On Thursday, some Cryptos Concept stocks rose.
Express News | Trump, at NYSE: We're Going to Do Something Great With Crypto, AI; Will Need Electricity
B. Riley Doubles Price Target on Canaan to $4 From $2, Maintains Buy Rating
Regulatory obstacles for Cryptos are expected to be removed, yet still difficult to please Bank of America bankers.
At this week's Reuters NEXT conference held in New York, bankers from Bank of America expressed a cautious attitude towards Cryptos, despite the market generally expecting that more friendly regulations under the leadership of incoming President Trump will pave the way for lending institutions to expand into the digital Assets sector.
As Fed Rate Cut Looms, Here's Why Bitcoin Could See a Big Surge
Bitcoin, Ethereum, Dogecoin Spike After Inflation Data Matches Expectations: Top Analyst Foresees New BTC ATH If It Stays Above This Level
Caroline Crenshaw's Renomination Vote Postponed, as Crypto Industry Pays Keen Attention on Voting Procedures
'Slow Grind Up' Or Explosive Rally Ahead?
Shares of Crypto-related Stocks Are Trading Higher Amid a Rise in Bitcoin.
Express News | Shares of Crypto-related Stocks Are Trading Higher Amid a Rise in Bitcoin
Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading
U.S. stocks movement | Canaan (CAN.US) pre-market up over 7%, with cumulative net loss in the first three quarters reduced by nearly 43% year-on-year.
On Wednesday, Canaan (CAN.US) rose over 7% in Pre-Market Trading, reaching $2.72.
Identifying XRP's Price Targets After Ripple's Stablecoin Gets NYDFS Approval
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