Wall Street's attention is focused on 2025! Trump's first "debut" and January employment data will test the market.
After the brilliant year of the USA stock market, investors expect a seasonal trend to arrive in mid-January.
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What troubles Powell is how to handle the inflation pressure that may arise from Trump's policies without openly defying him. Will he compromise with Trump like he did in 2018? This time may be different.
Transaction volume TOP 20 | Several domestic car companies have started price reduction promotions, Tesla dropped nearly 5%; "Quantum NVIDIA" RGTI continues to rise over 10%, increasing 16 times this year.
On Friday, the top stock by transaction volume was Tesla, which fell by 4.95%, with a transaction volume of 35.957 billion USD; the second was NVIDIA, which fell by 2.09%, with a transaction volume of 23.274 billion USD; the third was Apple, which fell by 1.32%, with a transaction volume of 10.811 billion USD.
Is there still a Santa Claus rally? Understand in one article why the US stock market suddenly dropped on Friday.
Large Technology stocks are leading the decline, with Tesla once dropping over 6%, and the sell-off in QITABANKUAI is also accelerating. Aside from technical factors like profit-taking, the 10-year US Treasury yield is hovering at a seven-month high, intensifying the downward pressure on the stock market. Goldman Sachs states that by the end of the year, USA pensions will sell $21 billion in US stocks, and CTAs will sell an additional $4 billion, resulting in significant selling pressure.
U.S. stock market closing | Rising U.S. Treasury yields pressured U.S. stocks, with both the S&P 500 and Nasdaq falling over 1% overnight, but seeing slight gains over the week; Tesla dropped nearly 5%, leading the decline among the seven tech giants.
U.S. Treasury yields rose, putting pressure on U.S. stocks, with the Dow Jones dropping more than 560 points at its lowest, and the Nasdaq, Nasdaq 100, Small Cap, chip, and the China concept index all falling over 2% during intraday trading. However, the Dow Jones halted a three-week decline, ending with a weekly increase of 0.4%, the S&P 500 rose 0.7% for the week, and the Nasdaq gained 0.8% for the week.
U.S. stocks in the early market | The Nasdaq fell over 2%! The fear index VIX surged 23%; Growth Tech stocks fell broadly, with Tesla down nearly 5%, NVIDIA and Netflix down 3%; Drone Concept stocks had mixed results, with SES still up over 40%.
Cryptos concept stocks broadly declined, with Bitcoin approaching the $95,000 mark, and Coinbase falling over 3%; Kingsoft Cloud's US stock reached a nearly three-year high, and Xiaomi is working on building a GPU cluster with ten thousand cards, heavily investing in AI large models.