US Stocks Hold Steady, Travel Demand Fuels Airlines, Tesla Reaches 32-Month Highs: What's Driving Markets Thursday?
U.S. stock market early session | The three major indexes showed mixed results, with Tesla rising about 4%; cryptos concept stocks generally rose, with Coinbase up over 4%.
Peking time on the evening of the 5th, the US stock market opened on Thursday with mixed gains and losses. Bitcoin broke through $0.1 million for the first time, reaching a historic high, with the market betting on improvement in the USA virtual currency regulatory policies. The increase in initial jobless claims in the USA last week exceeded expectations.
Bank of America Outlook for 2025: The most aggressive policies in the usa in a century will fuel a "technology bubble", but "the higher one climbs, the harder one falls."
Bank of America warns that the U.S. stock market may have reached a critical point of collapse, potentially facing the impact of the AI bubble and Trump’s policies next year. The similarities between AI and the internet of the late 1990s are apparent, with the bubble's burst only a matter of time. If Trump fulfills his campaign promises, it could bring a brief prosperity to the U.S. stock market, but it would also fuel the bubble, leading to a major depression.
The volatility of the U.S. stock market has decreased significantly, and traders are profiting from it.
The volatility index (VIX) has already fallen to the bottom, and traders are enjoying it.
Wednesday's Insider Moves: Key Buys and Sells in US Stocks Revealed
Express News | US Weekly Initial Jobless Claims 224000 Vs 215000 Forecast, Prior 215000