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Recently, the U.S. stock market has shown a significant upward momentum, with major indices recording considerable gains. The Dow Jones Industrial Average rose 1.53% this week, reaching a historical high and maintaining an upward trend for the third consecutive week. The S&P 500 also continued its upward trend, with a weekly gain of 0.27%. However, despite a strong single-day performance, the Nasdaq Composite Index still fell 0.58% this week.
It is noteworthy that stocks of companies related to cryptocurrency and blockchain technology have performed particularly well. The stock price of the cryptocurrency exchange platform Coinbase surged by 6.52%, while MicroStrategy, known for its Bitcoin investment strategy, also rose by 6.09%. Additionally, the stock price of stablecoin issuer Circle increased by 2.46%.
This round of increase reflects investors' optimistic attitude towards the prospects of the technology and cryptocurrency industries, while also showing that the market's confidence in the overall state of the U.S. economy is strengthening. However, in the face of the current complex and changing global economic environment, investors still need to remain cautious and closely monitor various economic indicators and policy trends in order to adjust their investment strategies in a timely manner.