4E: The "Santa Claus Market" arrives as scheduled, U.S. stocks generally rise, and the encryption market rebounds
On December 25, according to 4E monitoring, U.S. stocks rebounded strongly on Christmas Eve, and the three major indexes generally rose. The S & P 500 index closed up 1.1% and returned to 6000 points, and the Dow rose 0.91%. Driven by Tesla's rise of more than 7%, and the general gains in technology stocks, chip stocks, and AI concept stocks, the Nasdaq closed up 1.35% and regained its position at the 20,000-point mark. Crypto concept stocks generally rose, with Coinbase closing up 4.28%, and MSTR, a "major Bitcoin holder", closing up 7.81%. The crypto market rebounded after experiencing a correction. Bitcoin started a rapid rise last night, reaching a high of US$99,480 at midnight and temporarily trading at US$98,047. The increase in the past 24 hours was close to 4.35%. Most mainstream altcoins rebounded driven by Bitcoin. Ethereum once exceeded US$3500 and SOL stood at US$200. Market sentiment improved significantly. In terms of foreign exchange bulk, the US dollar index rose slightly and continued to reach a two-year high. Since the end of September, the US dollar has risen by more than 7%. Oil prices rebounded by more than 1.24%; trading during the Christmas holiday was light, and gold prices stabilized, with an intraday high of more than 0.3%. Historical data shows that since 1950, during the last five trading days of each year and the two trading days before the New Year (the so-called "Santa Claus Quotes" period), the average return of the S & P 500 index is much higher than the market average seven-day return. The general rally in financial markets on Tuesday may mark the beginning of the Santa Claus market and is expected to emerge from a new round of market trends. ee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It recently launched the USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential safe-haven options. 4E reminds you to pay attention to market volatility risks and rationally allocate assets.
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