CandleFocus Stocks slip on disappointing Nvidia results, Bitcoin defies the trend
2024-11-21
Author: Content Editor
Nvidia reported strong earnings for the third quarter, with revenue and net income soaring. However, the stock price dropped in after-hours trading, as the growth was not considered impressive enough by investors. Bitcoin, on the other hand, continues to rise and is closing in on $100,000. Trump's election win has fueled optimism in the crypto market. MicroStrategy, which holds a large amount of Bitcoin, announced plans to raise funds for more purchases. Global markets had mixed signals, with the Dow Jones rising, the S&P 500 staying flat, and the Nasdaq slipping. Inflation in the UK rose unexpectedly, reducing the likelihood of a rate cut. The US 10-year Treasury yield has increased, which could potentially impact stocks.
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