On November 18th Eastern Time, the US stock market closed with mixed gains and losses, and the Dow Jones Industrial Average closed down for the third consecutive trading day. The Nasdaq Golden Dragon China Index rose. The US stock market BAKKT surged 162.37%, triggering circuit breakers five times during trading.
In terms of commodities, WTI crude oil prices have risen, and gold prices have seen their largest increase since August.
The three major stock indexes closed with varying fluctuations
On November 18th Eastern Time, the US stock market closed with mixed gains and losses, and the Dow Jones Industrial Average closed down for the third consecutive trading day. As of the close, the Dow Jones Industrial Average fell 0.13% to 43389.60 points; The Nasdaq rose 0.60% to 18791.81 points; The S&P 500 index rose 0.39% to 5893.62 points.
Most semiconductor concept stocks rose. AMD rose 15.93%, Wolfspeed rose 4.78%, Microchip Technology rose 3.8%, AMD rose 2.99%, Nvidia closed down 1.29%, and ASM International ADR fell 1.37%.
Most large tech stocks have risen. Tesla rose over 5%, Intel and Netflix soared over 2%, Google, Apple and others rose over 1%, Meta and Microsoft rose slightly, and Amazon fell slightly.
The Nasdaq China Golden Dragon Index closed up 1.71%, with most popular Chinese concept stocks rising. Bilibili rose over 4%, NIO rose nearly 4%, Miniso and Xiaopeng Motors rose over 2%, and Ideal Auto rose over 1%. IQiyi fell more than 2%, while Lufax Holdings fell more than 1%.
The selling of US treasury bonds intensified on Monday, and the yield of long-term bonds rose to the highest level in nearly six months. Investors are still digesting the possible impact of political factors on the economy and the Fed's policies.
US stock BAKKT triggers circuit breaker five times
On November 18th Eastern Time, the US stock market BAKKT surged 162.37%, triggering the circuit breaker mechanism five times.
BAKKT rose 47% before its first circuit breaker, and then triggered another circuit breaker after the increase expanded to 65%. When the increase expanded to 86%, the circuit breaker was triggered for the third time, and when it rose to 123%, the circuit breaker was triggered for the fourth time. The last circuit breaker was triggered when the increase expanded to 162%.
On the news front, Trump Media and Technology Group are in deep negotiations to acquire BAKKT, a cryptocurrency trading platform under the Intercontinental Exchange (ICE).
BAKKT was founded by the Intercontinental Exchange, which holds 55% of the company's equity. The company has previously stated that its cryptocurrency custody business (which has obtained regulatory approval from New York authorities) may be shut down.
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