Last week, the US stock market surged rapidly, with all three major indices hitting new highs. The Dow and S&P 500 recorded their best weekly performance of the year. Bitcoin broke through the $80,000 mark, hitting a new all-time high. The US dollar index rose, while non-US currencies were under pressure. Investors will now shift their focus to monetary policy outlook and corporate earnings performance.

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BlockBeats News, November 11th. Last week, the "Trump Trade" stirred up the market. With Trump returning to the White House and the Republicans potentially having a sweeping victory in Congress, as well as the Fed cutting interest rates by 25 basis points as scheduled, the dust settled on these two key risk events, leading to a significant rebound in the financial markets. According to 4E monitoring, the US stock market surged rapidly, with all three major indices hitting new highs this week, and the Dow and S&P 500 recording their best weekly performance of the year. The S&P 500 index rose by 4.66% for the week, the Dow rose by 4.61%, and the Nasdaq rose by 5.74%. Tesla surged to a new high since April 2022, with a weekly gain of 29.01% and a market cap exceeding $1 trillion. NVIDIA briefly surpassed Apple to become the world's most valuable company once again, with a weekly gain of 9.03%. The total market capitalization of the seven tech giants increased by nearly $94 billion over the week. Benefiting from Trump's support for cryptocurrency and the prospect of more cryptocurrency-friendly lawmakers in Congress, Bitcoin broke through the $80,000 mark, hitting a new all-time high. At the time of writing, it was $81,635, with a weekly gain of over 18%. Ethereum was at $3,207, with a weekly gain of over 30%. Altcoins collectively surged, with gains generally outpacing the broader market, boosting market sentiment. On the commodities front, the US dollar index rose this week, up 0.6% for the week, marking a six-week consecutive increase, while non-US currencies were generally under pressure. Oil prices fluctuated significantly during the week. At the beginning of the week, OPEC+ issued a statement once again delaying production increases, leading to a sharp increase in oil prices. However, US EIA crude oil supply hit a new high since August, dragging down the weekly oil price gains, with Brent oil up 1.09% for the week. Spot gold fell by 1.85% for the week due to the strengthening US dollar coupled with the Fed hinting at an open stance on pausing rate cuts. With the US election over, investors will now shift their focus back to monetary policy outlook and corporate earnings performance while continuing to assess the impact of Trump's policy expectations. Many Fed officials will be speaking this week, and the latest US CPI data, PPI data, and retail sales data will be important references for investors to judge the health of the US economy and the extent of the Fed's rate cuts in 2025. eeee.com is a financial trading platform that supports cryptocurrency, stock indices, commodities like gold, and forex assets. It recently launched a USDT stablecoin financial product with an annualized return rate of 5.5% to provide investors with potential hedging options. 4E reminds you to be aware of market volatility risks and to allocate your assets reasonably.

US Stocks Surge to New Highs, Bitcoin Hits All-Time High, and Investors Shift Focus to Monetary Policy and Earnings