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13:54
US Stock Market Moves: Arm surges over 10%, market capitalization surpasses $300 billion, setting a new all-time high
Glonghui, May 21 | A certain exchange's stock price once expanded its early trading gains to over 10%, reaching $284.489 per share, hitting a new intraday record high, with a total market value of $300.9 billion.
13:51
Analyst: US Stocks May Retrace Gains Due to Oil Prices and Treasury Yields Rebounding
On May 21, U.S. major stock index futures are currently pointing to a lower open on Thursday, as U.S. stocks may give back some of their gains following the rebound in the previous trading day. The rebound in U.S. stocks yesterday coincided with a sharp decline in both U.S. Treasury yields and oil prices. Additionally, Nvidia's stock price fell in pre-market trading, and the market's negative reaction to Nvidia's earnings report may also weigh on U.S. stocks today. Dan Coatsworth, market director at AJ Bell, stated that the chip giant Nvidia is increasingly resembling a 'broken record,' repeatedly playing the same message. It merely states that AI demand is strong, with a large number of customers waiting to buy its chips, and that there is still significant room for growth in the future. The market's current focus is on how long Nvidia can maintain this momentum; even the fastest and strongest athletes can experience exhaustion, and investors are beginning to worry that Nvidia may not be able to sustain its current growth rate.
13:51
Viewpoint: Popular coins HYPE and ZEC have multiple technical indicators in overbought territory, with resistance levels at $60 and $730 respectively
BlockBeats News, May 21st. Analyst Alicharts posted an analysis of the two hottest cryptocurrencies in the recent market, HYPE and ZEC. Regarding HYPE, Alicharts believes that HYPE is approaching a key resistance level ($59-60), and multiple indicators have also issued warning signals. The TD Sequential has shown a Combo 13 sell signal, and both RSI and Chande MO are at overbought historical highs, indicating a potential minor spike followed by a pullback to around $40. On the other hand, ZEC is nearing the resistance zone ($700–730) that caused a significant drop in November. The weekly TD Sequential has issued a sell signal. The previous rally from the channel's bottom to the top was driven by a weekly TD buy signal. If the sell-off is confirmed, the retracement could be more significant, with potential support at $500 (first target) and $380 (deeper pullback).
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