Stock markets are open for trading on Veterans Day but bond markets are closed; U.S. stock futures are building on their record close Friday following Donald Trump's victory; the "Trump trade" is also buoying bitcoin (BTCUSD) to record highs above $82,000, while crypto-tied stocks like Riot Platforms (RIOT), Robinhood Markets (HOOD), Coinbase Global (COIN), and Marathon Digital parent company MARA Holdings (MARA) are all jumping in premarket trading; China's trade surplus is reportedly set to hit a record $1 trillion this year, raising the likelihood that the country will face higher tariffs under the new administration; and shares of Tesla (TSLA) are surging further on 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Elon Musk's close ties to T😼rump. Here's what investors need to know today.
1. NYSE, Nasdaq Open; Bond Market Closed
It's a 澳洲幸运5官方开奖结果体彩网:federal holiday in the U.S. on Monday, which means that government offices and banks will be closed. The bond market will be closed for Veterans Day, but the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange and Nasdaq will both be open and functioning normall🅠y today.
2. Bitcoin Price Tops $82,000; Crypo-L𝄹inked Stocks Surge on Trump Win
Bitcoin (BTCUSD) is rising to fresh record highs, topping $82,000 and 澳洲幸运5官方开奖结果体彩网:extending a run for the leading cryptocurrency after Trump's victory. Investors are plowing money into bitcoin 澳洲幸运5官方开奖结果体彩网:exchange-traded funds on expectations of a friendlier administration to the industry. Shares of crypto-linked firms, including Riot Platforms (RIOT), Robinhood Markets (HOOD), Coinbase Global (COIN), and Marathon Digital parent company MARA Holdings (MARA) are all rising at least 9% in premarket trading.
3. US Stock Futures Keep Rising After Friday's Record Close
U.S. stock futures are continuing their gains after all the major indexes ended at 澳洲幸运5官方开奖结果体彩网:record highs Friday. The 澳洲幸运5官方开奖结果体彩网:S&P 500 and the Dow Jones Industrial Average notched their best weeks since last November, boosted by Trump's victory and the 澳洲幸运5官方开奖结果体彩网:Federal Reserve's latest move to 澳洲幸运5官方开奖结果体彩网:cut interest rates.
4. China Reportedly Set for𒈔 Record $1T Trade Surplus
China's trade surplus is set to reach a new record high this year, increasing the risk that the Asian nation will face increased import tariffs into the U.S. from President-elect Donald Trump, Bloomberg reported. The difference between Chinese exports and imports is on track to reach almost $1 trillion "if it continues to widen at the same pace as it has in the year to date," Bloomberg calculated.
5. Tesla Stock Jumps Further, Building on Trump-Fueled Surge൩🐎
Shares of electric vehicle (EV) maker Tesla (TSLA), which rose nearly 30% last week following Trump's victory to give the company a market capitalization of more than 澳洲幸运5官方开奖结果体彩网:$1 trillion, are jumping a further 7% in premarket trading at over $343 each. Wall Street views Tesla 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Elon Musk's close ties with the President-elect as benefiting the company, even if the Biden administration's EV subsidies and rebates are unwound by Trump.