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MicroStrategy to join Nasdaq 100 boosting demand for bitcoin proxy stock
MicroStrategy, a major player in Bitcoin investments, will join the Nasdaq 100 index on December 23, potentially boosting demand for its stock, which has surged over sixfold this year. The company's market cap stands at approximately $90 billion, despite generating less than $500 million in revenue over the past year. With 423,650 bitcoins in its possession, MicroStrategy continues to leverage its position in the crypto market, aiming for future inclusion in the S&P 500.
small business optimism surges as economic outlook improves post election
Small business owners are optimistic about economic growth, with expectations rising significantly. Meanwhile, Mizuho recommends buying shares of Ball, citing a favorable long-term outlook despite recent capacity closures. Nvidia faces scrutiny in China, impacting its stock, while Broadcom is expected to exceed fiscal fourth-quarter estimates. South Korean markets surged amid political turmoil, contrasting with European stocks that opened lower following disappointing trade figures from China. In extended trading, Oracle's shares fell after missing earnings estimates, while MongoDB and Vail Resorts saw gains due to positive forecasts and narrower losses, respectively.
asia markets set to open lower amid inflation and production data
Asia-Pacific markets are poised to open mostly lower as investors digest Tokyo's November inflation rate of 2.6%, up from 1.8% in October, and South Korea's industrial production increase of 2.3% year-on-year in October. Japan's Nikkei 225 is expected to decline, while Australia's S&P/ASX 200 has started marginally lower. In contrast, futures for Hong Kong's Hang Seng index indicate a stronger opening.
mall and mid caps lead market gains as big tech falters
Major U.S. indexes ended the week positively, with small- and mid-cap stocks outperforming larger counterparts despite declines in tech giants like Nvidia and Alphabet. The Russell 2000 rose 4.5%, reflecting a shift in investor focus towards cyclical sectors and smaller companies. Meanwhile, the People’s Bank of China maintained its lending rate, and developed nations pledged $300 billion annually to combat climate change at COP29.
mall and mid caps shine as major indexes recover from previous dip
Major U.S. indexes ended the week positively, with the Dow Jones up 2% and the Russell 2000 surging 4.5%, as investors shifted focus from large-cap tech to small- and mid-cap stocks. Despite Nvidia and Alphabet facing declines, Amazon's $4 billion investment in AI startup Anthropic highlights ongoing interest in the sector. At COP29, developed nations pledged $300 billion annually to combat climate change, significantly increasing their previous commitment.
markets rally as election results unfold and economic outlook remains strong
U.S. markets rallied as investors awaited election results, with major indexes gaining over 1%. Preliminary results show Donald Trump winning key swing states, while the People's Bank of China plans to support its economy through monetary policy. Analysts suggest focusing on long-term stock opportunities amid potential post-election volatility.
markets rally as investors await us election results and implications
U.S. markets rallied as investors awaited election results, with major indexes gaining at least 1%. While the sitting president's influence on the stock market is limited, individual sectors may react to policy changes. Analysts suggest that any market volatility post-election could present buying opportunities, as the economy remains robust regardless of the election outcome.
big tech earnings disappoint as high expectations weigh on market performance
Major U.S. indexes fell sharply, driven down by disappointing forecasts from Big Tech, despite companies like Apple and Amazon beating earnings expectations. Microsoft, despite a strong revenue report, saw a 6.1% drop in shares due to a conservative outlook, highlighting the high expectations investors have for growth in the sector. As cash levels in mutual funds hit record lows ahead of the U.S. presidential election, analysts remain cautiously optimistic about the long-term potential of Big Tech.
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