Stocks saw gains over the week and month as traders focused on the post-election rally following Donald Trump's victory. The Dow added 1% for the week, making November its best month since 2023, with gains exceeding 7%. The S&P 500 and Nasdaq Composite advanced 0.5% and 0.4%, respectively, with both set to finish the month higher. The Russell 2000 surged about 10.5% since November began. Trading was light on Friday as markets observed Thanksgiving with early closures.
Bitcoin's development company stock saw a 5% jump, extending a 10% gain from the previous session. In contrast, gold and silver experienced their worst months since September and December 2023, respectively. U.S. semiconductor equipment makers saw gains amid the Biden administration's consideration of new measures against China
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Stock market today: Asian stocks track Wall Street gain with Nvidia report and bitcoin surgeAsian stock rise following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected.
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Stock market today: Asian stocks track Wall Street gain with Nvidia report and bitcoin surgeAsian stock rise following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected.
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Stock market today: Asian stocks track Wall Street gain with Nvidia report and bitcoin surgeAsian stock rise following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected. U.S. futures fell. Geopolitical tensions pushed oil prices higher. The S&P 500 pulled 0.5% higher Thursday after flipping between modest gains and losses several times in the morning.
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3 Crypto Stocks to Look out for as Bitcoin Continues to GainStocks Analysis by The Tokenist (Timothy Fries) covering: Terawulf Inc, MicroStrategy Incorporated, Global Partners LP, Tether USDt US Dollar. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
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Bitcoin Decouples From Tech Stocks, Continues Record Hitting Bull Run Post-ElectionBitcoin has seen a notable divergence from tech stocks as it continues to climb post-election, with gains of about 38% since November 5. The cryptocurrency's recent decoupling from the tech-heavy Nasdaq, which witnessed a decline of 1%, highlights its resilience amidst market volatility. Bitcoin's price reached a near $100,000 milestone before settling around the $90,000 level this week. Analysts suggest that despite potential regulatory actions from the outgoing administration, the bull market for bitcoin has staying power.
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These stocks are likely to gain from the UK’s major budget announcement, analysts sayInvestment banks suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes.
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