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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.
Tesla rose more than 3%, hitting a new high since April 2022, bank of america raised the target price to $400.
Renowned analyst John Murphy from Bank of America visited Elon Musk's Tesla Gigafactory in Austin, Texas, USA, and expressed confidence in the growth prospects for 2025 and beyond.
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.
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From the retail stocks' financial reports, how is consumer behavior in the usa?
Consumers in the usa are becoming more savvy and selective in their purchasing decisions.
Express News | Tesla rose nearly 4% at the beginning of the market, getting the Bank of America raised its target price to $400
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