By Angus Berwick and Gunjan Banerji
Does the Trump Trade have room to run?
Bitcoin notched a new peak above $89,000 early Tuesday, before quickly retrenching to about $86,000. Shares of Tesla and Trump Media edged lower.
Overall, U.S. stocks opened mixed after the S&P 500, Dow industrials and Nasdaq Composite hit fresh all-time highs Monday.
Asian markets largely declined. The Wall Street Journal reported President-elect Trump is expected to nominate China hawk Marco Rubio as his secretary of state, and has picked Mike Waltz as his national security adviser.
In recent market action:
The S&P 500 and Dow rose, while the Nasdaq retreated after the opening bell.
Benchmark Treasury yields climbed to 4.390%, after the 10-year yield settled at 4.307% Friday. Treasury markets were closed Monday for Veterans Day.
The U.S. dollar continued to strengthen, gaining modestly against a basket of currencies.
Chinese stocks fell, with Hong Kong's Hang Seng Index sliding 2.8%. Japan's Nikkei 225 and the Stoxx Europe 600 also declined.
Write to Angus Berwick at angus.berwick@wsj.com and Gunjan Banerji at gunjan.banerji@wsj.com
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(END) Dow Jones Newswires
November 12, 2024 09:39 ET (14:39 GMT)
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