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The three major indices were mixed, Bitcoin hit a record high, and Nvidia fell 5% post
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IntroductionOn Wednesday (November 20th), the three major U.S. stock indexes showed mixed results. The S&P 5 ...
On Wednesday (November 20th),Foreign exchange trading platforms permitted by the state the three major U.S. stock indexes showed mixed results. The S&P 500 Index was mostly flat, the Dow Jones rose slightly, and the Nasdaq saw a slight decline. Additionally, Bitcoin performed outstandingly, surpassing $94,000 to set a new historical high, while Nvidia (NVDA.US) saw its post-earnings release share price drop by 5% at one point.
U.S. Stock Performance: Divergence, with Notable Fluctuations in Tech Stocks
By the close, the Dow Jones Industrial Average rose by 139.53 points, or 0.32%, to 43,408.47 points; the S&P 500 Index edged up by 0.13 points to close at 5,917.11 points; the Nasdaq Composite Index saw a slight decline of 21.32 points, or 0.11%, to 18,966.14 points.
In terms of individual stocks, MicroStrategy (MSTR.US) soared over 10% due to its large holdings of Bitcoin. The NASDAQ Golden Dragon China Index was a standout, rising by 1.43%, with Kingsoft Cloud (KC.US) surging by 42% and iQIYI (IQ.US) up by 4%.
European Stock Markets Generally Closed Down
On Wednesday, major European stock indices mostly trended lower. The German DAX30 Index fell by 49.11 points, or 0.26%; the French CAC40 Index decreased by 31.19 points, or 0.43%; and the FTSE 100 Index in the UK also fell slightly by 0.17%. In contrast, the Spanish IBEX35 Index slightly rose by 0.01%, demonstrating some resilience.
Asia-Pacific Market: Mixed Results
Asia-Pacific stock markets also showed a similar divergence. Japan's Nikkei 225 Index dropped by 0.16%, Indonesia's Jakarta Composite Index declined by 0.21%, while South Korea's KOSPI Index increased by 0.44%, showing some balance between bulls and bears in the region.
Cryptocurrency: Bitcoin Continues to Break Records, Ethereum Slightly Declines
In the cryptocurrency market, Bitcoin showed strong performance, rising over 2% intra-day to $94,403.54 per coin, marking a new historical high. Ethereum experienced a slight pullback, down by 0.82% to $3,082.85 per coin.
Market Outlook
Overall, the market is showing a divided trend, with significant fluctuations across various sectors.
The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
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