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Dow Extends Winning Streak to 5 Days; Bitcoin Drops as Markets Close Mixed

Dow Extends Winning Streak to 5 Days; Bitcoin Drops as Markets Close Mixed

Stocks delivered a mixed performance on Thursday, slowing the momentum from the holiday-shortened week as the Santa Claus rally showed signs of fatigue. The Dow Jones Industrial Average edged up less than 0.1%, marking its fifth straight session of gains, while the S&P 500 and Nasdaq Composite each slipped just under 0.1%, ending a three-day winning streak.


  • Dow closes higher for 5th day in a row

  • S&P 500 and Nasdaq snap 3-day win streaks

  • Apple hits record close, nears $4T market cap

  • Bitcoin retreats after nearing $100K

  • 10-year Treasury yield reaches highest since May

Large-cap tech stocks were mostly under pressure. Apple Inc. (AAPL) rose 0.3% to a new record close, bringing it closer to the historic $4 trillion valuation mark. However, other tech heavyweights including Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Meta Platforms (META), and Tesla (TSLA) ended the session in the red.


Shares of bitcoin-linked companies took a hit as the cryptocurrency pulled back from recent highs. MicroStrategy (MSTR) dropped 4.8%, leading the Nasdaq losers. Marathon Digital Holdings (MARA) declined 4.2%, and Coinbase (COIN) shed 1.9%. Bitcoin last traded at $95,600, retreating from an overnight peak near $100,000. The digital asset has gained roughly 35% year-to-date amid hopes that the incoming Trump administration and a crypto-friendly Congress may introduce favorable policies.

In the bond market, the 10-year Treasury yield stood at 4.59%, after touching 4.64% earlier in the session — the highest level since May — reflecting expectations about future interest rate moves.

Elsewhere, gold futures rose 0.7% to approximately $2,655 per ounce, while crude oil futures slipped around 0.5%.

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