The number of continuing jobless claims in the U.S. has risen to its highest level in over three years. After the Christmas opening, U.S. stocks fluctuated around the flat line, with mixed gains and losses in light trading. Bitcoin's unsuccessful challenge to $100,000 has led to a decline in cryptocurrencies, with over $280 million in liquidations across the network in the past 24 hours.
The number of continuing jobless claims in the U.S. has risen to its highest level in over three years.
The U.S. Department of Labor reported on Thursday that for the week ending December 21, the number of initial jobless claims totaled 219,000, 1,000 fewer than the previous week and below the expected 225,000. However, the number of continuing jobless claims rose to 1.91 million, an increase of 46,000, the highest level since November 13, 2021, indicating that unemployed workers are finding it increasingly difficult to seek new jobs.
Due to mixed job application data that has hardly changed bets on the Federal Reserve's outlook, the stock market has fluctuated in calm post-holiday trading.
Apple's stock price continues to rise, with a market value reaching $3.92 trillion, nearing the $4 trillion mark. In contrast, Nvidia's recent stock performance has been weaker, currently holding a market value of $3.43 trillion, making it the second-largest company by market value globally.
(Retail investors flock to Nvidia (NVDA): AI star stock Nvidia surpasses SPY in buying interest for 2024)
Bitcoin's unsuccessful challenge to $100,000 has led to a decline in cryptocurrencies.
Bitcoin attempted to challenge the $100,000 mark early yesterday, reaching a high of $99,963, but then dropped, hovering above $95K before publication.
The top ten cryptocurrencies by market value have also shown a downward trend, with over $280 million in liquidations across the network in the past 24 hours. As many Europeans and Americans enjoy their annual year-end holidays before New Year's Day, the market is trading lightly, and investors must pay attention to their positions and manage risks well.
This article discusses the light trading in U.S. stocks, Bitcoin's unsuccessful attempt to challenge $100,000, and its halted upward momentum. It first appeared in Chain News ABMedia.
