On February 6, according to 4E monitoring, the three major US stock indexes rose across the board on Wednesday. Tech stocks fell sharply in early trading, causing the market to open lower, with the Nasdaq falling nearly 0.8%, but the three major indexes then rebounded and turned positive, closing near their daily highs, marking the second consecutive day of gains. At the close, the Dow Jones Industrial Average rose 0.71%, the S&P 500 rose 0.39%, and the Nasdaq rose 0.19%. The performance of large-cap tech stocks was mixed, with Nvidia surging 5.21%, while Tesla fell 3.58% due to a plunge in sales in Germany.
The cryptocurrency market is experiencing a downward correction. Bitcoin briefly rose above $99,000 last night, but then experienced a significant pullback, reaching a low of around $96,000 this morning, and is currently trading at $97,450, down 0.61% in 24 hours. Affected by Bitcoin, Altcoins generally fell, but Ethereum, after previous overselling, has moved independently, currently rebounding to around $2,800, up 2.33% in 24 hours. The current cryptocurrency market is clearly affected by the Trump tariff war and potential inflation, with volatile swings of sharp declines and rebounds, and it may still take time to adjust and recover in the short term.
In the foreign exchange and commodity markets, concerns about the global trade war have eased slightly, with the US dollar falling to a one-week low, the euro rising slightly, the British pound reaching a one-month high, and the yen rising more than 1%; market concerns about the global oil demand outlook have pushed oil prices down more than 2% to a new daily low; the US dollar and US bond yields have softened, and investors' concerns about escalating trade frictions have driven spot gold to new highs.
Investors are currently closely watching the January non-farm payroll report on Friday, as well as potential policy adjustments and progress in trade negotiations. The market overall maintains a cautious attitude towards a series of risk events.
4E is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets. Recently, it has launched a USDT stable coin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
