CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Seeking Alpha 2024-11-22 18:29:18

Dow, S&P advance as Wall Street's key averages head toward weekly wins

Wall Street's major averages were mostly higher Friday, with consumer-related stocks and so-called Trump Trades among advancers, and the key indexes looked set for weekly gains. The Dow ( DJI ) +0.8% , looking for a third straight gain, and the S&P 500 ( SP500 ) +0.4% , on course for a fifth consecutive increase. The Nasdaq Composite ( COMP:IND ) +0.2% but has wobbled during the session. Retail stocks including Nike ( NKE ) and Walmart ( WMT ) were among the top gainers on the Dow, and the Consumer Discretionary and Staples sectors paced the S&P 500's ( SP500 ) advancers. With the holiday-shopping season underway, Gap ( GAP ) +11.8% said its stores were "off to a strong start," and raised its full-year outlook late Thursday. Gap ( GAP ) on Friday +8.8% . Ross Stores ( ROST ) +3.6% , also higher after its quarterly report . The key equity averages were moving toward weekly gains, including a potential 1.7% rise for the S&P 500 ( SP500 ). The benchmark was helped this week by Nvidia's ( NVDA ) Q3 beat in financial results and its strong AI outlook, as well as positive macro readings for weekly jobless claims and the housing market, Christopher Harvey, Wells Fargo's head of equity strategy, said in a note. "Trump trade" winners this week include small caps ( RTY ), mid-caps and bitcoin ( BTC-USD ), he said. The cryptocurrency traded above $99,000 on Friday. But "you're not alone if post-Election Day political uncertainties are making it difficult to assess the 2025 outlook. Risk/rewards keep us in SMID caps, Banks, and Comm Svcs," Harvey said. In the fixed-income market, the 10-year Treasury yield ( US10Y ) was down 1 basis point to 4.41%. The 2-year yield ( US2Y ) gained 2 basis points to 4.38%. On the economic calendar, the S&P Global U.S. Composite PMI preliminarily increased to 55.3 in November vs. 54.1 in October, marking a 31-month high. The November U.S. Consumer Sentiment Index was revised to 71.8 from its initial print of 73.0. More on the markets Bitcoin: Buy The Breakout The Oil Market Is Misunderstood And Undersupplied Trump reportedly considers Warsh to head Treasury then the Fed $10,000 Invested Into A Portfolio Made Of Steel The level Bitcoin would have to reach under Trump to match Biden and his prior term

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta