The three major indexes of the US stock market collectively closed down, with the Dow Jones Industrial Average falling 0.53%, the Nasdaq falling 0.66%, and the S&P 500 index falling 0.54%. Adobe, the developer of image processing software, fell nearly 14% as the company's full year performance guidance fell short of expectations. Gold and silver mining stocks generally fell, with Koldaeron Mining falling nearly 7%, Hekla Mining, Anglogold, and Pan American Silver falling over 5%, and Harmony Gold falling over 4%. Bitcoin has once again fallen below the $100000 mark, with cryptocurrency concept stock Bit Digital falling more than 5% and MicroStrategy falling nearly 5%.
Global News
The Ministry of Commerce responds to the removal of Chinese products bill by American telecommunications companies
According to reports, the US House of Representatives will vote on an annual defense bill that includes allocating over $3 billion to US telecommunications companies to remove Chinese Huawei and ZTE communication equipment from US wireless networks to "address security risks".
Nvidia China: Rumors of supply interruption are false, China is an important market
On December 12th, the official Weibo account of Nvidia China issued a statement stating that the recent rumors on social media about Nvidia cutting off its supply to China were untrue. The company stated that China is an important market for NVIDIA and will continue to provide high-quality services to Chinese customers in the future.
The European Central Bank announces the fourth rate cut of the year among the three key interest rates in the eurozone
On the 12th local time, the European Central Bank held a monetary policy meeting at its headquarters in Frankfurt, Germany, and decided to lower all three key interest rates by 25 basis points. This is also the fourth time this year that the European Central Bank has cut interest rates since announcing it in June.
US November PPI growth of 3% year-on-year, estimated at 2.6%
On December 12th, the US Bureau of Labor Statistics released data showing that the US PPI for November increased by 3% year-on-year, with an estimated 2.6%, compared to the previous value of 2.4%; The PPI in the United States increased by 0.4% month on month in November, estimated at 0.2%, compared to the previous value of 0.2%.
Zuckerberg submits a "petition"! Meta donates $1 million to Trump's inauguration fund
Meta confirmed to the media on Wednesday local time that the company has donated $1 million to the inauguration fund of US President elect Trump. This is the latest move taken by the company's CEO Mark Zuckerberg to ease the previously tense relationship with the new president. Previously, the two had just had dinner together at Trump's private club, Mar-a-Lago, last month.