Dow Jones Industrial Average closes above 40,000 points for the first time, gold and copper hit new highs, silver and nickel surge, GME plunges again

Expectations of interest rate cuts are rising, with the Dow hitting a new high and rising for five consecutive weeks, while the S&P and Nasdaq have risen for four consecutive weeks, marking the longest streak in three months. The Nasdaq technology index rose more than 3% this week. Google hit a new high for three consecutive days, and Reddit, which is collaborating with OpenAI, surged 17% at one point to its second highest level in history, while Game Station plummeted 20%, criticizing retail investor stocks. Chinese concept stocks outperformed the US market, with Fangdd jumping 311% intraday and triggering a circuit breaker, while Haidilao's US IPO rose 53% on the first day and closed up 14%. Towards the end of the week, European and American bond yields experienced a V-shaped reversal, rising together on Friday to move away from a one-month low. US oil rose above $80 for the first time this month, while Brent oil approached $84 and saw its first weekly gain in three weeks. The US dollar fell 0.8% for the week, hovering near a one-month low. Gold closed above $2400 for the first time, silver rose more than 6% intraday, and nickel rose more than 11% during the week, while copper and tin rose 6%