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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.
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Looking At Marvell Tech's Recent Unusual Options Activity
Benchmark Co. Maintains Marvell Technology(MRVL.US) With Buy Rating, Maintains Target Price $135
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Roth MKM Maintains Marvell Technology(MRVL.US) With Buy Rating, Maintains Target Price $130
Investors Heavily Search Marvell Technology, Inc. (MRVL): Here Is What You Need to Know
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
Marvell Technology Options Spot-On: On December 11th, 109.97K Contracts Were Traded, With 704.44K Open Interest
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Express News | Marvell Technology Shares Are Trading Higher After the Company Announced the Debut of Its LPO Chipset to Address the Speed and Reach Limitations of Data Centers
AMD, Broadcom, Marvell Are in Nvidia's Wake. This One Can Take Second Spot.
Why Marvell Technology (MRVL) Is Winning Big in the AI and Cloud Revolution