On Friday Eastern Time, the three major indexes of the US stock market collectively closed higher. As of the close, the Dow Jones Industrial Average rose 0.97%, with a cumulative increase of 1.96% for the week; The Nasdaq rose 0.16%, with a cumulative increase of 1.73% this week; The S&P 500 index rose 0.35%, with a cumulative increase of 1.68% this week.
Large tech stocks have fluctuated, with Tesla up nearly 4%, Microsoft up 1%, and Apple, Netflix, and Intel up slightly; Nvidia fell more than 3%, Google fell more than 1%, and Amazon and Meta fell slightly. Among them, Tesla reached a new high since April 2022, with a total market value of $1.13 trillion; Netflix has reached new highs for five consecutive trading days. Copart Inc. (CPRT) rose over 10%, marking its largest daily increase since March 2020. Supermicro Computer rose over 11%, with a cumulative increase of over 78% this week, marking the largest weekly increase since the company's US IPO.
The Nasdaq China Golden Dragon Index closed down 1.37%, with a cumulative decline of 0.01% for the week. Most popular Chinese concept stocks fell, with iQiyi, Bilibili, and Xiaopeng Motors falling more than 3%, Alibaba falling more than 2%, and JD.com, Gaotu, Baidu, Ideal Auto, and Miniso falling more than 1%; Jinshan Cloud rose nearly 25%, while NIO rose over 3%.
Global News
Global hedge fund leader criticizes Trump's tariffs: US will slide towards' crony capitalism '
Ken Griffin, founder and CEO of Castle Investment, has issued the harshest warning yet against Trump's tariff policies: this trade protection policy not only brings about "crony capitalism," but also, in the long run, will make American industries lose competitiveness and productivity.
China responds to the so-called 60% tariff: Consumers and end-users of the importing country "pay"
Wang Shouwen, International Trade Negotiator and Deputy Minister of Commerce of the Ministry of Commerce, stated that history has shown that imposing tariffs on China by a country does not solve its own trade deficit problem. On the contrary, it raises the prices of imported products from China and other countries. Because the final tariff is paid by consumers and end-users in the importing country, it inevitably leads to an increase in consumer payment prices, higher user costs, and inflation caused by rising prices.
Russia-Ukraine conflict escalates and risk aversion heats up! Gold surged sharply
The conflict between Russia-Ukraine conflict has escalated, the risk aversion in the capital market has heated up, funds have flowed out of the stock market, and gold has been added.
Trump suddenly spreads a heavyweight message! New news on the appointment of the next US Treasury Secretary!
On November 22nd local time, The Wall Street Journal reported that US President elect Trump is considering appointing Kevin Warsh as Secretary of the Treasury. In addition, after Powell's term as Federal Reserve Chairman ends in 2026, Walsh may be nominated as Federal Reserve Chairman.
Be the Treasury Secretary for one year before transferring to the position of Federal Reserve Chairman? It is rumored that Trump has set his sights on Kevin Walsh
According to insiders, US President elect Trump has proposed to choose financier Kevin Warsh as the US Treasury Secretary. And when Federal Reserve Chairman Powell's term ends in 2026, Walsh may still be nominated as Federal Reserve Chairman.
It's about Trump! Musk and Bezos engage in another verbal battle
On Thursday, Tesla CEO Elon Musk targeted Amazon founder Jeff Bezos, sparking another war of words between the world's two top billionaires. Musk wrote on X in the early hours of Thursday: "I learned tonight at Mar-a-Lago that Jeff Bezos had been telling people everywhere that @ realDonaldTrump would definitely lose, so they should sell all Tesla and SpaceX stocks." A few hours later, Bezos replied that this statement was "100% untrue.
Can Apple's $100 million investment still lift the iPhone 16 ban? Indonesia seems to want more
The latest smartphone series, iPhone 16, from the US tech giant Apple, encountered difficulties in the Indonesian market shortly after its release. Currently, Apple is seeking to lift the sales ban on iPhone 16 in Indonesia.
OpenAI is planning to enter the browser market! Compete with industry leader Google
According to media reports on Thursday (November 21), ChatGPT developer OpenAI is considering developing a web browser that will be integrated with chatbots and is in talks with multiple companies to collaborate on enhancing search functionality.
Is the Roaring Twenties Resurrected? UBS: S&P 500 may rise to 7000 points next year!
UBS pointed out in its latest research report that this period of prosperity, marked by strong economic growth and market returns, may continue until 2025. In the most optimistic scenario, the S&P 500 index is expected to rise to 7000 points next year.
Approaching $100000! How long can Bitcoin continue to rise after US listed companies adopt a "buying frenzy" model?
The price of Bitcoin is driven by market sentiment, macroeconomic changes, and policy factors, with volatility far exceeding that of traditional assets. This high volatility may not only result in short-term investment losses, but also have an impact on the overall stability of institutional investment portfolios. "Uweb President and Co Chairman of the Blockchain Committee of the China Communications Industry Association, Yu Jianing, told Huaxia Times reporters that in order to control these risks, institutions need to take multi-level response measures.