US President Joe Biden officially announced his withdrawal from the race yesterday, which shocked the world and the US political arena, although it brought uncertainty to the market. However, after the opening of the US stock market last night, the four major indexes all rose, and technology stocks also stopped falling and rebounded. NVIDIA surged more than 4.6%, and TSMC ADR also rose 2.16%.
The four major U.S. stock indexes closed:
- The Dow Jones Industrial Average rose 127.91 points, or 0.32%, to close at 40,415.44 points.
- The Nasdaq rose 280.63 points, or 1.58%, to close at 18,007.57 points.
- The Philadelphia Semiconductor Index rose 210.67 points, or 4.00%, to close at 5,477.83 points.
- The S&P 500 index rose 59.41 points, or 1.08%, to close at 5,564.41 points.
Tesla, Google will release earnings reports
It is worth noting that this week, U.S. technology giants Tesla, Google, Qualcomm, etc. will make public announcements one after another, which is expected to boost the morale of previously sluggish technology stocks.
Tesla is scheduled to announce its last quarter financial results after the market close on the 23rd, Eastern Time, and will hold a press conference later. Although analysts predict that profits and revenue will decline year-on-year, the demand for electric vehicles is recovering and there are signs of rebound in mainland China. , indicating that the situation may improve in the second half of this year.
Alphabet will also announce its last quarter financial report after the market closes on the same day, and investors may pay attention to updates on cloud business growth and artificial intelligence (AI) plans.
Bitcoin rebounds and climbs 68,000
In the cryptocurrency market, after Bitcoin reached a low of $66,576 last night, it seemed to be inspired by the rise in U.S. stocks and began to rebound higher. It reached a maximum of $68,620 near four o'clock this morning (23). It fell slightly before the deadline and was now trading at $67,603, down 0.6% in the past 24 hours.
The Ethereum market appears to be much weaker. It was trading at $3,454 at the time of writing, down 2.38% in the past 24 hours.
Top 10 Token Performance
The other top ten tokens have experienced mixed gains and losses. The biggest increase is XRP, which has increased by 2.08% in the past 24 hours; BNB, SOL, TON, and ADA have declined by about 2 to 4% respectively.
The entire network liquidated $107 million in the past 24 hours
According to Coinglass data , in the past 24 hours, the entire cryptocurrency network has liquidated approximately US$107 million, with more than 46,000 people liquidated (long positions accounted for approximately US$76.79 million).
