How did the cryptocurrency market perform before and after Trump took office?
Data shows that historically, the market performs well after presidential elections, and then enters a stagnation phase after the elected president takes office.
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Nasdaq, S&P hit new highs, French stock and bond yields fluctuate and rise, Euro once fell more than 1%, Dollar rose.
On the first trading day of December, Cyber Monday shopping amounts will break records, with the Nasdaq and Chinese concept stocks rising about 1%, and the chip index leading with a 2.6% increase, while the Dow fell from its peak. Tesla soared over 4% during the day, intel rose nearly 6% before turning negative, super micro computer surged nearly 29%, and Xpeng autos climbed over 5%, but Li Auto dropped nearly 4%. The French government faces a vote of no confidence, causing French stocks to briefly fall over 1%, and the spread between French and German government bond yields approached the widest in twelve years. US henry hub natural gas fell over 4%, the indian rupee hit a new low, and the offshore yuan dropped over 400 points, falling below 7.29 yuan.
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On December 2, the top 20 trades on the U.S. stock market: Apple reached a historic high, regaining the title of the largest company by global market cap.
On Monday, Tesla topped the US stock market turnover with a 3.46% increase, trading at $26.717 billion. Tesla recently announced the latest version of its autonomous driving software, FSD V13.2. Based on the update details and test videos, the new version has seen multiple evolutions, including support for 36Hz video input processing, an advanced new AI4 architecture, the system's ability to understand more complex road conditions, identify closed sections and detour, improve efficiency in handling obstacles, and optimize issues like steering wheel shaking. It is worth mentioning that FSD now supports door-to-door autonomous driving capabilities. brokerage
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