On March 17, according to 4E monitoring, under the continuous impact of Trump's tariff policy, the three major U.S. stock indexes experienced significant volatility last week and collectively closed lower. The Dow Jones index fell about 3.1%, marking its worst weekly performance since March 2023. The S&P 500 fell 2.27%, and the Nasdaq fell 2.43%, both for the fourth consecutive week. Among the large-tech stocks, only Nvidia rebounded nearly 8%, while the rest closed lower on a weekly basis.
The cryptocurrency market experienced severe volatility. Bitcoin dipped to a recent low on Tuesday but rebounded, fluctuating around $83,000. U.S. stocks rose across the board on Friday, driving Bitcoin to break through $85,000, but the uptrend could not be sustained over the weekend due to lack of liquidity. As of the time of writing, Bitcoin is trading at $83,144, up nearly 1.5% in the past 7 days. Other major tokens mostly saw small gains, with Ethereum seeking to firmly hold above $1,900, and BNB rising nearly 10% in the past 7 days, buoyed by a $2 billion investment in Abu Dhabi and the revival of on-chain memes.
In the foreign exchange and commodity markets, the U.S. dollar index fell about 0.1% last week; oil prices rebounded on Friday, reversing the weekly decline, with U.S. oil posting its first weekly gain in nearly two months. The trade war shadow has triggered a wave of risk aversion, with spot gold reaching a record high of $3,004.94 on Friday, breaking the $3,000 psychological barrier, and gaining 2.65% for the week.
U.S. February inflation data, including CPI and PPI, came in lower than expected, easing concerns about stagflation. However, the latest University of Michigan consumer sentiment index hit a nearly 3-year low, indicating consumers' extreme pessimism about the economic outlook. This week will see a "Super Central Bank Week," with more than 20 central banks announcing their latest policy rates, with a focus on the Federal Reserve and the Bank of Japan, which are currently expected to maintain their interest rates.
eeee.com, as a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange, and other assets, has recently launched an 8% annualized yield USDT stablecoin wealth management product, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.