The first step in stock trading is to open a stock account. On Friday, US stock markets closed mixed. The Dow Jones fell by 0.28%, the Nasdaq Composite rose by 0.81%, and the S&P 500 index increased by 0.25%. Both the Nasdaq and the S&P 500 reached new closing highs. Tesla’s stock price surged over 5% as Bank of America raised its 12-month target price for Tesla to $400 and maintained a buy rating, citing its potential in FSD and artificial intelligence.
Bitcoin regained its value above $100,000, and cryptocurrency-related stocks strengthened. Canaan Technology’s stock price rose by over 35%, Bit Digital increased by more than 9%, and Coinbase’s stock price jumped by over 7%. The Nasdaq Golden Dragon China Index closed up by 0.98%, with a total increase of 2.15% for the week. Most popular Chinese concept stocks rose, with Youdao increasing by over 6%, Alibaba and JD. com rising by over 2%, and iQiyi and NetEase both rising by over 1%. On the downside, Gaotu fell by over 4%, and New Oriental dropped by more than 1%.Global News: In November, the US non-farm payroll employment increased by 227,000, an estimate of 220,000. The unemployment rate in November was 4.2%, estimated at 4.1%, with a previous value of 4.1%. Peter Navarro returns to the White House as a trade advisor; does Trump’s trade team have a unified tariff stance? This week, President-elect Trump announced that he will appoint his long-term ally Peter Navarro as the White House Trade and Manufacturing Senior Advisor. Navarro held the same position during Trump’s first term, supporting the ‘America First’ trade policy and advocating for high tariffs to protect domestic industries.
Trump nominates Pottinger as the new ambassador to China, with two extensive experiences living and doing business in Asia. Pottinger responded on social media to Trump’s appointment, expressing his honor in accepting the nomination and his understanding of the importance of the role, looking forward to implementing President Trump’s strategy and safeguarding American interests.
Economists warn that conflicts between Trump and the Federal Reserve are inevitable. Trump promised during his campaign to reduce borrowing costs to alleviate the financial burden on American families. However, economists warn that if interest rates do not drop quickly, Trump will surely blame the Federal Reserve, particularly Chairman Powell, indicating an inevitable conflict.
South Korea’s ‘martial law controversy’ may trigger an economic recession? Finance Minister: no need to worry excessively. On Friday, South Korea’s Finance Minister Choi Sang-mu stated in an interview that he does not believe the ‘martial law’ incident will have a lasting impact on South Korea’s economy or market, and concerns about South Korea falling into a recession next year are ‘excessive’.
In the secondary market, chips are no longer the most favored direction for AI investment. Instead, AI applications are taking over. In the US stock market, more and more bull stocks are emerging in ‘AI+’. For example, the concept stock of ‘AI+voice’ has risen nearly 530% within the year, and the concept stock of ‘AI+national defense’ has increased by more than 318%… Futurist Ray Kurzweil: In the next five years, AI progress will surpass all achievements since the beginning of this century. In recent years, artificial intelligence technology has developed rapidly almost at an ‘explosive’ speed. Decades ago, a group of technology pioneers had already discovered the huge potential of technologies such as AI. One of the representative figures is Ray Kurzweil, who is praised by Bill Gates as the ‘futurist who predicts artificial intelligence most accurately’. He accurately predicted the expansion of the Internet, the defeat of the world champion of Go by artificial intelligence, and the development of face recognition technology in 1990. And he predicted 25 years ago that computers will reach human intelligence levels in 2029. With the emergence of large model technology, more and more people think this prediction may come true. Elon Musk’s supercomputer computing power will be expanded tenfold! Once called a’miracle’ by Jensen Huang. On December 5 local time, the Greater Memphis Chamber in the United States issued a statement saying that Elon Musk’s artificial intelligence startup xAI has promised to expand the computing power of its supercomputer project Colossus tenfold. In the future, it will be equipped with 1 million GPUs to compete with competitors such as Google, OpenAI, and Anthropic. Want to invest in stocks? Open an account first! Choose East Money Securities. One APP for market quotes and trading.>