Bitcoin Hits New Record Above $82,000 -- WSJ-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Bitcoin Hits New Record Above $82,000 -- WSJ

Dow Jones11-11

By Joe Wallace

Donald Trump's seismic election victory is still reverberating through markets. Most eye-catchingly, bitcoin prices are surging above $82,000. In addition, the dollar is strengthening and stock futures are higher. Shares of Tesla and Trump Media rose before the bell, along with banks.

Up ahead this week is October inflation data and earnings from companies including Home Depot and Disney. Traders are also on the alert for any hint of appointments or policy moves by the president-elect.

In recent trading:

--S&P 500 and Dow industrials futures rose; Nasdaq-100 contracts crept higher. All three indexes closed at record highs on Friday.

--The U.S. bond market was closed for Veterans Day.

--The WSJ Dollar Index strengthened. In particular, the greenback appreciated against the yen, after Japan's parliament confirmed Shigeru Ishiba as prime minister.

--Oil prices extended recent declines. Traders expect U.S. output to rise to fresh record under Trump.

--International stock markets were mixed. European indexes gained ground, led by industrial and banking stocks. Mainland Chinese indexes also rose, but Hong Kong's Hang Seng fell more than 1%.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 11, 2024 07:25 ET (12:25 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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