U.S. Stock Trading Active Before Christmas Holiday, Led by Tech and Cryptocurrency Sectors
On Tuesday, December 24, the U.S. stock market experienced the last full trading day before the Christmas holiday. Although overall trading was relatively light, some popular stocks showed active performance as companies like Tesla and Apple attracted market attention with their trading volume and gains.
Tesla: Energy Storage Plant Boosts Stock Surge
Tesla led the market with a 7.36% increase and $26.157 billion in trading volume. Reports indicate that Tesla's energy storage gigafactory in Shanghai is nearing completion, having been constructed in just seven months, setting a new speed record for Tesla projects. The factory's initial annual output is planned to be 10,000 energy storage batteries, with a storage capacity of nearly 40 GWh, aimed at the global market. Additionally, Tesla's new Model Y production capacity has increased to around 200 units per day, which has boosted market sentiment.
Apple: Three-Day Streak of Record Highs, Market Cap Nears $4 Trillion
Apple's stock price rose by 1.15%, with a trading volume of $54.03 billion. This marks the third consecutive trading day Apple has reached a closing record high, with its market cap surpassing $3.9 trillion, just shy of becoming the world's first company to reach a $4 trillion market cap. Analysts predict Apple will launch the next generation of chips, the M5 series, next year, further solidifying its leading position in the tech industry.
Cryptocurrency Stocks Rise, Bitcoin Rebounds
With Bitcoin regaining the $96,000 level, cryptocurrency-related stocks experienced significant gains. MicroStrategy's stock surged by 7.81%, with a trading volume of $56.28 billion, ranking third in trading volume. Coinbase Global also closed 4.28% higher, with a trading volume of $13.26 billion. MicroStrategy co-founder Michael Saylor stated that the company is expected to join the S&P 500 index by 2025, attracting market attention.
Strong Performance in Tech and Semiconductor Sectors
NVIDIA closed 0.39% higher due to the Nasdaq-100 index weight adjustment, with a trading volume of $14.58 billion, ranking second. Broadcom's stock rose by 3.15%, despite its subsidiary VMware facing a patent lawsuit from Netflix. Meta's stock rose by 1.32%, and it plans to add display screen functionality to Ray-Ban smart glasses in the future. TSMC fell slightly by 0.50%, but its annual gain has exceeded 100%, marking the best annual performance since 1999.
Market Outlook: Focus on Policies and Data After the Holiday
As the U.S. stock market enters holiday mode, investors are looking ahead to economic policies and data performance in 2024. The completion of Tesla’s energy storage plant, breakthroughs in Apple’s chip technology, and the recovery of the cryptocurrency market will be focal points for the future market. Additionally, the potential impact of geopolitical and policy adjustments on the market cannot be ignored.
In post-holiday trading, the technology, energy, and cryptocurrency sectors are expected to continue leading the market. Investors need to closely monitor macroeconomic data and corporate developments to seize potential investment opportunities.
