Nasdaq rebounds as AI-related stocks rise, virtual currency-related stocks rise across the board | 22nd Financial Tankan

12/22 (Friday) morning market trends (compared to the previous day)

traditional finance

• NY Dow: 37,404 +0.8%
• Nasdaq: 14,777 +1.2%
• Nikkei average: 33,140 -1.6%
• USD/JPY: 142.1 -0.9%
• Gold futures: 2,057 +0.5%
• NVIDIA: $489.9 +1.8%
• Micron: $85.4 +8.6%

Today’s NY Dow rebounded strongly from yesterday’s plunge and closed at +322 dollars. The Nasdaq, which also fell sharply on the 20th, rose by $185.9, due to a large rise in the price of Micron Technology, the largest semiconductor memory manufacturer, which gave a bullish outlook in its financial results, and a rebound in the stock prices of large AI-related stocks Nvidia and AMD. became.

The day before, it was said that profit-taking was ahead as the market became increasingly wary of becoming too optimistic about the outlook for next year’s interest rate cut.

connection: U.S. stocks are wary of high prices; the market capitalization of the virtual currency Solana surpasses XRP and ranks 5th | 21st Financial Tankan

Today’s main market materials are as follows:.

• Tonight’s US consumer spending forecast for November is expected to justify ending the Fed rate hike cycle
• The final US GDP for the July-September period (5.2% increase ⇨ 4.9% increase) has been revised downward, and personal consumption and inflation have also declined.
• U.S. unemployment insurance claims near historic lows as recession fears recede

connection: “Bitcoin is the Godzilla of the financial world”, the revival of Solana and the spread of DePIN/AI = Messari’s 2024 report

Important economic indicators/events from this week onwards

• 12/21 (Thursday) 22:30 U.S. quarterly real gross domestic product (GDP, final value)
• 12/22 (Fri) 22:30 US November personal consumption expenditure (PCE deflator)
• US stock market closed for Christmas on Monday, December 25th

connection:
Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks

Virtual currency related stocks rise significantly

• Coinbase | $168 (+3.8%)
• MicroStrategy | $581 (+1.4%)
• Marathon | $24.7 (+12%)

Cryptocurrency-related stocks rebounded sharply as Bitcoin returned to the $44,000 level.

Virtual currency market Solana continues to grow significantly

• Bitcoin: $43,921 +1%
• Ethereum: $2,242 +2.5%
• Solana: $94.2 +15.8%

Cryptocurrency Solana has surpassed XRP the previous day and moved into fifth place in the market capitalization ranking, narrowing the gap with BNB, which is currently in fourth place, to $1 billion from about $5 billion yesterday.

connection：The market capitalization of the virtual currency Solana has surpassed XRP and is in 5th place, the reason behind this is

connection: US Coinbase digs into next year’s outlook for the virtual currency market

CoinPost Special feature for virtual currency beginners

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In addition to important news about virtual currencies, you can also see at a glance exchange information such as the dollar yen and price movements of crypto asset-related stocks in the stock market such as Coinbase.

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https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU

— CoinPost (virtual currency media) (@coin_post) December 21, 2023

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