Cryptocurrency prices plummeted on Tuesday, with Bitcoin dropping 4% to an intraday low of $97,700, while Ethereum, XRP, and Solana fell over 5%. The decline was driven by rising U.S. bond yields and a surge in job vacancies, raising concerns about a hawkish Federal Reserve stance. Liquidations in the crypto market reached $388 million, with over 129,900 traders affected, as the market reacted to strong economic data signaling potential inflationary pressures.
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Stock Market Opens Up with Gains in Nvidia and Microsoft
Stock markets are poised for an upward opening, with the Dow, S&P 500, and Nasdaq showing positive trends. Super Micro Computer shares have surged following a strong performance on Friday, while Microsoft continues to gain momentum after announcing an $80 billion investment in AI-enabled data centers for the current fiscal year.
read moreS&P 500 Gains Ground as Big Tech Stocks Lead Market Rally
Wall Street rebounded on Friday, with the S&P 500 rising 1.3% for its first gain since Christmas, driven by strong performances from Big Tech stocks like Nvidia and Tesla. The Dow Jones gained 339 points, while the Nasdaq jumped 1.8%. However, U.S. Steel fell 6.5% after a blocked acquisition, and alcohol companies dropped following health warnings about cancer risks associated with consumption.
read moreGlobal Stock Markets Mixed as Chinese Shares Decline After New Year Holiday
Global shares showed mixed results on the first trading day of 2025, with Chinese markets suffering significant losses, including a 2.7% drop in the Shanghai Composite. Investors are cautious ahead of U.S. President-elect Donald Trump’s policies, particularly regarding potential tariff increases on imports from China. Meanwhile, U.S. crude oil prices rose slightly, and the dollar weakened against the yen.
read moreAsian shares decline as investors remain cautious amid political uncertainties
Asian shares mostly declined as Tokyo remained closed for New Year’s holidays, with investors cautious amid political uncertainties. Australia’s S&P/ASX 200 rose 0.4%, while South Korea’s Kospi fell nearly 0.1%. U.S. markets closed lower, with the S&P 500 down 0.4% after a year of significant gains driven by strong economic indicators and tech stocks.
read moreAsian shares decline as investors react to political uncertainties and market trends
Asian shares mostly declined as Tokyo remained closed for New Year’s holidays, with investors cautious amid political uncertainties in South Korea and potential policy changes under President Trump. Australia’s S&P/ASX 200 rose 0.4%, while South Korea’s Kospi fell nearly 0.1%, and Hong Kong’s Hang Seng dropped 1.3%. U.S. markets closed lower on the last trading day of the year, with the S&P 500 down 0.4%, despite a strong overall performance in 2024 driven by Big Tech and a growing economy.
read moreUS Stocks Expected to Rise Amid Interest Rate Concerns and Economic Policies
U.S. stocks are poised for a slight increase in the final trading session of 2024, as investors remain optimistic despite concerns over high interest rates and the economic policies of President-elect Donald Trump. Key movers include Super Micro, Tesla, and Broadcom, while Treasury yields have fallen.
read moreIndians Favor Nvidia and Tesla in US Stock Investments for 2024
In 2024, Indian investors favored US tech giants Nvidia and Tesla, with over 25% of their investments directed towards these stocks, according to Vested Finance. Amid global uncertainties, interest in diversified ETFs surged, particularly in leveraged strategies, while financial stocks outperformed tech and communication sectors. The dominance of tech stocks remained evident, accounting for 46.36% of total buy volume, reflecting strong investor confidence in AI and electric vehicles.
read moreDow Set to Open Lower as Tesla and Super Micro Move Markets
The Dow is set to open lower as Tesla shares see a slight increase while Super Micro Computer experiences a dip following significant gains on Tuesday. Meanwhile, MicroStrategy’s stock declines in tandem with Bitcoin’s price drop.
read moreIntel’s Undervalued Stock and Future Growth Potential in AI Market
Intel’s stock is currently undervalued, trading at just 1.6 times sales and 0.9 times book value, despite significant investments in chip-making infrastructure. The company is pivoting towards a foundry business model, which could lead to substantial long-term growth as demand for AI hardware rises. While it may not regain its former dominance, Intel’s strategic changes position it for potential market-beating returns.
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