Dow Jones Hits Historic High, Bitcoin-related Stocks Lead Market Surge.

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On Wednesday, the three major indices closed slightly higher, with both the Dow Jones and Nasdaq 100 reaching new historical highs. The S&P 500 index is only 0.3% away from its all-time high. The yield on the benchmark 10-year U.S. Treasury bond fell by 9.5 basis points to 3.791%, hitting a new low since July 24.

In the U.S. stock market, as of the closing, the Dow Jones rose by 111.19 points, or 0.30%, to 37,656.52 points; the Nasdaq rose by 24.60 points, or 0.16%, to 15,099.18 points; and the S&P 500 index rose by 6.83 points, or 0.14%, to 4,781.58 points. Bitcoin-related stocks led the market surge, with MicroStrategy (MSTR.US) rising by over 11%, and Coinbase (COIN.US) rising by 7.6%. Chinese concept stocks had mixed performances, with NetEase (NTES.US) falling by 4.9%, NIO (NIU.US) rising by 3.7%, and Alibaba (BABA.US) and JD.com (JD.US) closing slightly higher.

In European stock markets, major indices closed generally higher, with the German DAX30 index up 0.10%, the UK FTSE 100 index up 0.39%, the French CAC40 index up 0.05%, and the Euro Stoxx 50 index up 0.16%.

In the Asia-Pacific stock markets, the Nikkei 225 index rose by over 1%, the Korean KOSPI index rose by 0.42%, the Indonesia Jakarta Composite Index rose by 0.12%, and the Vietnam VN30 index rose by 0.04%.

In the forex market, the U.S. Dollar Index (DXY), measuring against six major currencies, fell by 0.52% to 100.94, touching a five-month low.

In the cryptocurrency market, Bitcoin rose by 1.92% to $43,332.9, while Ethereum rose by nearly 6% to $2,357.6.

In the gold market, COMEX February gold futures settlement price rose by 1.13% to $2,093.1 per ounce. Traders bought non-yielding gold in anticipation of a U.S. interest rate cut next year, and the decline in the dollar and bond yields also supported gold prices.

In the oil market, WTI crude oil futures for February 2024 settled at $74.11, down 1.93% or $1.46. Brent crude oil futures for February 2024 settled at $79.65 per barrel, down 1.75% or $1.42.

In the metal market, London metals closed higher across the board, with copper rising by 1.48%, nickel rising by over 2.4%, zinc rising by over 1.6%, and aluminum rising by over 3%.

Niti998

This is quite impressive!