Apple Dethroned by Nvidia as Bears Spend Millions in Option Trades
Trump 2.0's first trading day: Small Cap stocks led the rise, the Nasdaq index briefly fell, and Bitcoin tested $0.107 million.
On the first trading day after Trump's return to the White House, the Dow Jones rose over 1%, the chip index surged over 2%, multiple institutions downgraded Apple which fell over 3%, losing its throne as the Global Market Cap leader to NVIDIA, Tesla turned negative, Trump's media dropped 11%, and Oracle, which will partner with SoftBank to invest in USA AI Infrastructure, rose over 7%. Netflix's Earnings Reports were Bullish, leading to a post-market increase of over 13% to a new high. The China concept index rose over 1% before turning negative, New Oriental dropped over 23%, and Xiaopeng Autos rose over 6%. European and American long-term bonds led the rise, the dollar hit a two-week low, the Canadian dollar and Mexican peso fell, offshore RMB briefly fell below 7.29 yuan, Trump coin turned positive, US oil fell as deep as 3%, and Gold rose over 1% to the highest level in more than two months.
Barclays Says 'Buckle up' for Near-term Volatility Under New Trump Administration
Express News | Trump to Have Big Infrastructure Announcement on Tuesday -- White House Spokesperson
US Morning News Call | Trump's Second Term Kicks Off with Stock Futures on the Rise
U.S. Economy to Continue Growing Amid Tax Cuts, Deregulation -- Market Talk
