Market Overview
$Nasdaq Composite Index(.IXIC.US$ closed at a record high, while $Dow Jones Industrial Average(.DJI.US$ fell from its record high, with component stock JPMorgan dropping 4.5%.
Chip stocks outperformed the market, rising over 2%, with $NVIDIA(NVDA.US$ up 2.5% and $Micron Technology(MU.US$ up 3%. $Microsoft(MSFT.US$ rebounded to a one-month high, and $Alphabet-C(GOOG.US$ hit record highs for four consecutive days.
Meme stock $GameStop(GME.US$ rebounded, dropping over 10% intraday but closing up more than 4%. $Hims & Hers Health(HIMS.US$ surged nearly 28% after launching a low-cost weight loss drug.
Fed officials maintained a hawkish stance, with U.S. Treasury yields rising for three consecutive days and the dollar index accelerating its rebound from a five-week low.
Oil prices ended a three-day rise, pulling back from the month's high. New York gold and copper futures hit all-time highs for two consecutive days, with copper futures rising nearly 3% intraday. Silver futures hit an eleven-year high for four consecutive days. Bitcoin surged over $4,000 intraday, breaking the $70,000 mark, while Ethereum rose nearly 20% intraday.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment