Market Opening:

The three main US indices opened higher. The Dow Jones rose by 0.3%, the S&P 500 by 0.75%, and the Nasdaq by 1.17%. Technology stocks stood out, with companies like Nvidia, ASML, and TSMC showing outstanding performance. Nvidia is also preparing to launch new graphics cards during CES. Meanwhile, Cerence experienced a strong rebound due to its expanded collaboration with Nvidia.

Federal Reserve Governor Cook indicated that, due to the strength of the labor market and the instability of inflation data, the Fed will be more cautious in considering a rate cut. According to Cook, rates could adjust toward a more neutral position, reflecting optimism about the economy, although with constant attention to the inflation target.

On the other hand, Canadian Prime Minister Justin Trudeau announced his resignation as leader of the Liberal Party, although he will remain Prime Minister until the party elects a new leader. This change could influence the direction of Canada's policies. Together, this news primarily benefits the US, consolidating its global economic position. This represents a positive boost for both US stocks and the cryptocurrency market!