4E: The "Santa Claus Quote" arrived as promised, U.S. stocks generally rose, and the encryption market ushered in a rebound
Editor
2024-12-25 11:32 4,067
According to news on December 25, according to 4E monitoring, US stocks rebounded strongly on Christmas Eve, with the three major indexes generally rising. The S&P 500 index closed up 1.1% and returned to 6,000 points, and the Dow Jones Industrial Average rose 0.91%. Driven by Tesla's increase of more than 7%, as well as the general rise in technology stocks, chip stocks, and AI concept stocks, the Nasdaq closed up 1.35% and regained its upper level. 20,000 points mark. Cryptocurrency concept stocks generally rose, with Coinbase closing up 4.28%, and MSTR, a "large Bitcoin holding", closing up 7.81%.
The crypto market rebounded after experiencing a correction. Bitcoin started a rapid rise last night, reaching a maximum of $99,480 at midnight and temporarily trading at $98,047, with an increase of nearly 4.35% in the past 24 hours. Most mainstream altcoins have rebounded driven by Bitcoin. Ethereum once exceeded US$3,500 and SOL stood above US$200. Market sentiment has improved significantly.
In terms of foreign exchange commodities, the U.S. dollar index edged higher and continued to approach a two-year high. Since the end of September, the U.S. dollar has gained more than 7%. Oil prices rebounded and increased by more than 1.24%; trading was light during the Christmas holiday and gold prices stabilized, with the highest intraday increase of more than 0.3%.
Historical data shows that since 1950, during the last five trading days of each year and the first two trading days of the new year (the so-called "Santa Claus run" period), the S&P 500's average return has been much higher than the market's average seven-day return. Rate. The general rise in financial markets on Tuesday may mark the beginning of the Santa Claus market and is expected to lead to a new round of market conditions.
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