4E: With the US election approaching, the US stock and crypto markets are generally lacking direction

According to 4E monitoring, on Thursday, only the Dow Jones index among the three major U.S. stock indexes fell. Weighed down by IBM and Honeywell's earnings reports, the Dow Jones fell 0.33% for the fourth consecutive day; the S&P 500 index closed up 0.21%, ending a three-day losing streak; Tesla rose nearly 22%, supporting the Nasdaq and the consumer discretionary sector to lead the gains, with the Nasdaq rising more than 0.8% intraday. Most cryptocurrencies rose, with Bitcoin rebounding and breaking through $68,000 as of the time of writing, up 0.9%, while Ethereum reported $2,513, down 1.5%. In the foreign exchange and commodity markets, the U.S. dollar index fell about 0.4% on Thursday, ending a three-day winning streak and also retreating from a new high in nearly three months; as U.S. bond yields and the U.S. dollar fell together, gold prices rose sharply. Spot gold surged $20.52, up 0.76%, approaching its historical high again; market concerns about a slowdown in the European economy that could hurt oil demand, coupled with reports that the U.S. and Israel will attempt to restart negotiations on a ceasefire in Gaza, have put pressure on oil prices, with U.S. oil and Brent oil initially rising more than 2% but later turning down more than 1%. Economic data released in October supports the market's bet on the Fed's regular 25-basis-point rate cut in November. Currently, the market is still focused on corporate earnings, with more than 32% of the S&P 500 companies having reported their third-quarter results, of which 76% have exceeded analysts' expectations. Despite the constant news of the earnings season, with the U.S. election approaching, the U.S. stock market as a whole is still in a state of lack of direction.