Overnight US stocks | "Trump trade" trend continues! US stocks continue to hit new highs, Bitcoin rises above $89,000.

The U.S. stock market has risen for the fifth consecutive trading day, with Bitcoin briefly breaking through $89,000 and the dollar reaching a one-year high as investors continue to bet on Trump's trade. The Standard & Poor's 500 index rose 0.1%, closing above 6000 points for the first time and setting the 51st record of the year. The Nasdaq 100 index was slightly higher. The Dow Jones Industrial Average rose 0.7%. Economically sensitive stocks performed well, with the Russell 2000 small-cap index rising 1.5% to its highest level since 2021. The S&P Bank index rose 2.4%. Most large tech stocks declined, but Tesla, Inc. (TSLA.US) rose 9% thanks to Musk's "ties" to Trump, extending its strong upward momentum. U.S. StocksAt the close, the Dow Jones Industrial Average rose 304.14 points, or 0.69%, to 44,293.13. The S&P 500 Index rose 5.81 points, or 0.10%, to 6001.35. The Nasdaq Composite Index rose 11.99 points, or 0.06%, to 19,298.76. Cryptocurrency concept stocks surged, with Canaan Inc. Sponsored ADR Class A (CAN.US) up 41%, MicroStrategy (MSTR.US) up 25%, Coinbase (COIN.US) up 19%, and Trump Media Technology Group (DJT.US) up 4.7%. NVIDIA Corporation (NVDA.US) fell 1.6%, Tesla, Inc. (TSLA.US) rose 8.9%. The Nasdaq China Golden Dragon Index rose 0.6%. The S&P 500 Index closed above 6000 points for the first time on Monday, after hitting 5000 points on February 9. Energy company Vistra (VST.US) and data analytics company Palantir (PLTR.US) were added to the S&P 500 Index in May and September, respectively, boosted by the AI boom. Since then, Vistra and Palantir have driven a rebound of 237% and 147%, respectively, in the index. European StocksThe German DAX30 index rose 245.84 points, or 1.28%, to 19,450.75. The UK FTSE 100 index rose 60.89 points, or 0.76%, to 8124.29. The French CAC 40 index rose 88.21 points, or 1.20%, to 7426.88. The Euro Stoxx 50 index rose 51.49 points, or 1.07%, to 4854.25. The Spanish IBEX 35 index rose 38.18 points, or 0.33%, to 11,593.28. The Italian FTSE MIB index rose 513.42 points, or 1.52%, to 34,330.00. Asia-Pacific StocksThe Nikkei 225 index rose 0.08%, the Jakarta Composite index fell 0.28%, and the Korean KOSPI index fell 1.15%. Foreign ExchangeThe ICE US Dollar Index rose 0.49% to 105.512, reaching its highest level in over four months, dragging down commodity prices. The dollar rose 0.70% against the yen, reaching 153.71, remaining in a steady upward trend throughout the day. The euro fell 0.60% against the dollar to 1.0654, the pound fell 0.40% to 1.2870, and the dollar rose 0.55% against the Swiss franc to 0.8805. CryptocurrencyBitcoin rose 8.9% to $87,068 at the New York close, setting a new historical high and then continuing to rise past $89,000, approaching the challenge of $90,000. Ethereum rose over 5.9% to $3,359 each. At the same time, the total market value of global cryptocurrencies surpassed the historical high set in November 2021, reaching $3.1 trillion, with Bitcoin accounting for 55.8% and Ethereum 13.2%. Crude OilInternational oil prices fell more than $2. WTI December crude oil futures fell $2.30, or over 3.32%, to $68.04 a barrel. Brent January crude oil futures fell $2.04, or over 2.76%, to $73.87 a barrel. GoldCOMEX December gold futures fell 2.52% to $2627 an ounce at the close. Spot gold fell 2.3% to $2623 an ounce throughout the day, hitting a low of $2610 by the close, down over 6% from the historical high of $2790 set on October 31. MetalsIndustrial metals mostly fell. LME copper futures fell $112 to $9332 per tonne. LME aluminum futures fell $34 to $2586 per tonne. LME zinc futures were flat at $2979 per tonne. LME lead futures fell $2 to $2022 per tonne. LME nickel futures fell $289 to $16108 per tonne. LME tin futures fell $369 to $31279 per tonne. LME cobalt futures were flat at $24300 per tonne. Macro News Trump is looking for a candidate who supports cryptocurrency for Financial Institutions, Inc. According to reports, US President-elect Trump is preparing for the US government to take a more lenient stance on cryptocurrencies. He is looking for key candidates who are friendly to the crypto industry, and his senior advisors are consulting with crypto executives on potential changes in federal policy. Early discussions have focused on a range of financial regulatory agencies, including the SEC. According to five sources, Trump's advisers are considering appointing current regulators, former federal officials, and financial industry executives to key leadership positions, many of whom have publicly expressed support for cryptocurrencies. They warned that the discussion process is still in its early stages and the list of candidates is still changing. Trump will appoint an "environmental opponent"Serving as the head of the Environmental Protection Agency in the United States. President-elect Trump announced on Monday that he would appoint former Republican congressman Lee Zeldin as the head of the Environmental Protection Agency in the United States. Zeldin has frequently voted against legislation related to environmental issues. Trump may seek to overturn many regulations implemented by the EPA on the burning of fossil fuels, including regulations restricting carbon emissions from power plants and another regulation reducing carbon emissions from cars. Trump has expressed plans to begin dismantling the EPA and the Department of Transportation's vehicle pollution regulations on his first day in office, and is considering reducing or canceling tax credits and other incentives for electric vehicles. Zeldin has criticized California's decision to join the California Zero Emission Vehicle program, and during his eight years in Congress, he voted in favor of key environmental legislation only 14% of the time.DeupreeAbbVie12% 20242024MSCI20243%4% 202420242024The drug emraclidine did not show statistically significant improvement in measuring the severity of symptoms of mental illnesses on the scale. The company plans to analyze the data to determine the next steps.The US FDA has lifted the clinical hold on the new drug application of Novavax, Inc. (NVAX.US). Novavax, Inc. rose over 16.6% in early trading before closing up 1.12%. On the news front, the US Food and Drug Administration (FDA) has lifted the clinical hold on the Investigational New Drug Application (IND) for Novavax's COVID-19-influenza combination vaccine (CIC) and standalone influenza vaccine candidate. The FDA has approved the company to initiate the third phase of the trial recruitment plan as Novavax has successfully addressed all clinical hold issues. Novavax will work with clinical trial researchers and other partners to resume trial activities as soon as possible.