Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Bitcoin breaks the $100,000 mark: How high could it go from here?
Views 11.7M Contents 2048

Bitcoin Gets Closer to $100k Than Ever | Wall Street Today

avatar
Kevin Travers joined discussion · Nov 14 05:36
Bitcoin Gets Closer to $100k Than Ever | Wall Street Today
After a slow start, the S&P 500 was close to flat at the end of Wednesday. The major index climbed mid-day but then fell back to nearly unchanged. Bitcoin broke through all-time highs today before it too fell back to below $90k.
Just past 4 pm ET the     $S&P 500 Index (.SPX.US)$ traded up 2 bps, the         $Dow Jones Industrial Average (.DJI.US)$ climbed 0.11%, and the     $Nasdaq Composite Index (.IXIC.US)$ fell 0.21%.
MACRO
The Consumer Price Index, a classic sign of inflation, showed that prices grew 2.6% year over year in October, about 0.2% higher than in September. Core CPI remained at 3.3%, excluding food and gas, right near where it has been for the past six months or so.
Federal Reserve Bank of Minneapolis President Neel Kashkari said the top figures from the latest consumer price report confirm inflation is headed down toward the central bank’s 2% target.
In macroeconomics this week, look for Fed speakers finally taking to the airwaves to talk about monetary policy, a week after cutting rates by 25 bps. Powell will speak on Thursday. Also, watch for Producer Price Index inflation numbers on Thursday.
SECTORS
Within industries tracked by moomoo,   $Crude Oil Futures(JAN5) (CLmain.US)$ climbed from lows. MarketWatch reported traders weighed market prospects under President-elect Donald Trump.
Bitcoin Gets Closer to $100k Than Ever | Wall Street Today
$Bitcoin (BTC.CC)$ hit fresh highs, gold and silver both fell.   $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ fell and the   $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed, but both sat at highs since August and July.
MOOVERS
$JetBlue Airways (JBLU.US)$ climbed 9% after a Bloomberg report that   $American Airlines (AAL.US)$ and the firm still wants to team up even after a court threw out their last Northeast Alliance plan, according to American Chief Isom and JetBlues President St. George.
$Rivian Automotive (RIVN.US)$ climbed 13%, leading moomoo's list of 'WallStreetBets' stocks, after the firm received more money from Volkswagen, now totaling $5.8B, and increasing the confidence of some analysts like Wedbush, that shared notes about the funding Wednesday.
$Paymentus Holdings (PAY.US)$ climbed 27% after better-than-expected earnings Tuesday night, with revenue of $231M that grew 51% year-over-year.
Shares of $Quantum Computing (QUBT.US)$ nearly doubled 90% after the firm reported its first chip order.
$Spirit Airlines (SAVE.US)$ shares plunged 56% on Wednesday after the company filed Form 12b-25, stating to the SEC it would not be able to file its current report, and instead would focus on restructuring debt.
$Rocket Lab (RKLB.US)$ climbed 28% after the tiny rocket firm reported better-than-expected earnings.
Word from the herd: Mooers, what are you watching?
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See this link for more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
22
+0
4
Translate
Report
360K Views