๐Share your strategy for making money on the market๏ผ
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Welcome to Daily Discussion! This is the place for you to share your trading ideas and win coins!
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We will reward you with 50 Tiger Coins when you share your knowledge about stocks and markets here, depending on quality and originality.
[Winners Announcement: 9 Dec]
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Can Oracle Crush Expectations and Reign Supreme in the Tech Race?
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Below are Today's Key Takeaways.
Top News Move the Market
Wall Street's main indexes closed lower on Monday, driven by a drop in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week.
China will adopt an "appropriately loose" monetary policy next year as part of steps to support economic growth, state media reported on Monday citing a Politburo meeting, marking the first such shift towards loosening since 2010.
China ETFs and ADRs rally. Fangdd Network Group rose 52%; YINN rose 24%; CHAU rose 13%; XPeng rose 13%; PDD rose 10%; Alibaba rose 7%.
Palantir Technologies fell 5.1% after trading higher earlier in the session. The software company expanded its partnership with the U.S. government to expedite software deployment and increase the use of its artificial-intelligence technology. A one-year contract, worth $37 million, establishes Palantir as the lead software integrator for the U.S. Special Operations Command's Mission Command System. Shares have risen 334% this year
Traders who scooped up millions of shares worth of bullish options over the past week in tiny, levered exchange-traded funds tracking Chinese indexes are up more than $130 million on paper as shares surged after top leaders in Beijing signaled stronger economic support next year.
The options buying was centered on two ETFs โ Direxion Daily FTSE China Bull 3x Shares and Direxion Daily CSI 300 China A Shares Bull 2x Shares. Their combined market capitalization of around $2.5 billion lags larger funds like iShares China Large Cap, which has almost $8 billion.
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All right, here is all the market information we would like to share with you๏ผ
What news/movements are worth noting in the market today? Any stocks to watch?
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