Live Updates: US Stock Futures Rise, Bitcoin Tops $82,000, and Market Insights
Follow live updates on US stock futures, Bitcoin's surge past $82,000, and the latest market movements. Stay informed with real-time data, expert insights, and updates on inflation, interest rates, and more.
US stock futures gained ground on Monday, signaling the continuation of the post-election rally as the market gears up for the release of new inflation figures.
Futures for the Dow Jones Industrial Average rose by 0.4%, while the S&P 500 futures climbed 0.3%. Both indexes recently posted their best performance of the year, reaching new record highs. The Nasdaq 100 futures, which track major tech stocks, also saw a 0.3% increase. The rally is driven by expectations of lower corporate taxes and fewer regulations under President-elect Donald Trump, along with the Federal Reserve’s decision to cut interest rates. However, some analysts are expressing caution about the sustainability of these gains.
Also Read: Live US Stock Market Updates: Nasdaq and S&P 500 Futures Slip as Market Rally Cools
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The focus now turns to Wednesday’s consumer inflation report, which could provide clues on future interest rate moves. Last week, Fed Chair Jerome Powell remained tight-lipped on how Trump’s policies might affect inflation. Some concerns have emerged over the impact of proposed tariffs, which could drive up inflation and prompt the Fed to slow down further rate cuts. Minneapolis Fed President Neel Kashkari recently stated that the central bank will need to carefully watch how other countries respond to tariffs before making any adjustments.
Currently, market watchers believe there’s a 68% chance the Fed will cut rates by another 0.25% in December, a slight decrease from nearly 80% before the election.
Meanwhile, Bitcoin surged to a new high, surpassing $82,000 for the first time ever, sparking excitement in the cryptocurrency market. The rise is fueled by expectations that the upcoming administration will create a more favorable environment for digital assets. Other cryptocurrencies, such as Dogecoin, also saw increases as traders anticipate a more crypto-friendly future in the US.
Tesla also saw a boost, with shares jumping nearly 7% in pre-market trading. The electric vehicle company’s stock hit its highest closing price in more than two years on Friday, pushing its market capitalization past $1 trillion. Optimism about CEO Elon Musk’s potential influence under the new administration is helping drive the stock’s gains.
Key Moments
- US stock futures climb, signaling continued market rally.
- Bitcoin surpasses $82,000, reaching a new all-time high.
- Investors await key inflation data for insights on interest rates.
- Tesla shares surge, pushing the company’s market value over $1 trillion.
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11 Nov 2024 08:59 AM
Stock Markets Rise on Veteran's Day, Tesla and Bitcoin Lead the ChargeOn Veteran’s Day, the US stock markets are open and showing promising signs of further growth following the election. In the premarket, Tesla (TSLA) shares surged by more than 7%, driven by positive sentiment surrounding CEO Elon Musk’s relationship with President-elect Donald Trump. Meanwhile, Bitcoin (BTC-USD) made headlines by hitting a new record, topping $82,000. Investor excitement is fueled by Trump’s crypto-friendly stance and expectations for a more supportive Congress.
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11 Nov 2024 09:47 AM
Stocks Hit New Records as Tesla and Bitcoin Shine on Veteran’s Day
Stocks opened at record highs on Veteran’s Day, fueled by continued market enthusiasm following the presidential election and last week’s rate cut by the Federal Reserve.
The Dow Jones Industrial Average (^DJI) led the charge with a gain of around 0.6%, while the S&P 500 (^GSPC) rose 0.3%. The Nasdaq Composite (^IXIC) also climbed by 0.3%, maintaining strong momentum.
Among the standout performers were Bitcoin (BTC-USD), which reached an all-time high of $82,000, and Tesla (TSLA), which saw its stock rise for the fifth consecutive session. Tesla’s market value surpassed $1 trillion last Friday, boosted by CEO Elon Musk’s strong backing of President-elect Donald Trump, which helped fuel the company’s rise.
On Monday, Wedbush analysts increased their price target for Tesla’s stock to $400 from $300, citing the potential positive impact of Trump’s administration on Tesla’s autonomous and AI technology over the coming years.
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11 Nov 2024 11:37 AM
Bitcoin Reaches Record High as Crypto Stocks Surge
Bitcoin hit a new all-time high, climbing past $82,400 on Monday morning, sparking enthusiasm across the stock market. This milestone propelled crypto-related stocks, particularly Coinbase and Robinhood. Coinbase, which allows cryptocurrency trading, soared over 13%, marking an impressive 65% increase over the past five sessions. Robinhood, also a crypto trading platform, saw an 8% rise on Monday and is up more than 36% in the last five days. The rally reflects growing investor confidence in digital currencies, fueled by the post-election economic optimism.
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11 Nov 2024 12:12 PM
GOP Poised to Take Control of the House: What’s Next?
With just four more seats needed, Republicans are on track to gain control of the House of Representatives next year, securing unified power in Washington. Currently, GOP candidates lead in eight of the 18 remaining undecided races. Party leaders are already strategizing their first moves, which may focus on economic reforms, regulatory changes, and increased government oversight, marking a significant shift in policy direction once the results are final.
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11 Nov 2024 12:15 PM
Bitcoin Approaches $85,000 as 'Trump Trade' Boosts Rally
Bitcoin surged towards the $85,000 mark on Monday, briefly touching $84,250, reflecting a more than 5% gain within the last 24 hours. This rally continues to be driven by investor optimism surrounding the post-election "Trump trade," fueling strong momentum in the cryptocurrency market.
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11 Nov 2024 12:16 PM
Tech Stocks Struggle as Nasdaq Faces Pressure
The Nasdaq Composite struggled on Monday as major tech stocks, including Nvidia, Apple, and Meta, lagged behind the broader market. Nvidia dropped over 1.5%, while Apple and Meta also saw losses. Tesla, however, continued its upward momentum with a fifth straight gain. As a result, the Nasdaq fluctuated throughout the session, reflecting the challenges faced by key tech players.
