On December 25, 4E reported that the U.S. stock market rebounded strongly on Christmas Eve, with all three major indices rising. The S&P 500 index rose by 1.1%, returning to 6,000 points, the Dow Jones rose by 0.91%, driven by Tesla's rise of over 7%, as well as broad gains in technology stocks, chip stocks, and AI concept stocks. The Nasdaq rose by 1.35%, re-entering the 20,000 point mark. Cryptocurrency concept stocks generally rose, with Coinbase up 4.28% and 'Bitcoin whale' MSTR rising 7.81%.
After experiencing a pullback, the cryptocurrency market welcomed a rebound, with Bitcoin beginning a rapid rise last night, peaking at $99,480 at midnight and currently reported at $98,047, with a nearly 4.35% increase in the past 24 hours. Most mainstream altcoins rebounded under Bitcoin's influence, with Ethereum briefly breaking through $3,500 and SOL standing above $200, showing a clear improvement in market sentiment.
In the forex commodities sector, the U.S. dollar index rose slightly, continuing to approach a two-year high, having increased over 7% since the end of September. Oil prices rebounded with an increase of more than 1.24%; trading was light during the Christmas holiday, and gold prices stabilized, rising over 0.3% during the day.
Historical data shows that since 1950, during the last five trading days of each year and the two trading days before New Year (the so-called 'Santa Claus rally' period), the average return of the S&P 500 index has far exceeded the market average seven-day return. The broad rise in the financial markets on Tuesday may signal the beginning of the Santa Claus rally, potentially leading to a new round of market movement.
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