On March 24, according to 4E monitoring, the Federal Reserve's dovish remarks and Trump's statement about flexibility in tariff plans took turns boosting US stock market confidence. The three major indices collectively rose on a weekly basis after significant fluctuations: the Dow Jones rose 1.2% cumulatively, marking its largest weekly gain in over two months; the S&P 500 rose 0.51%, ending a four-week losing streak; the Nasdaq rose slightly by 0.17%, halting its previous four-week decline. However, major tech stocks generally fell on the weekly line, with NVIDIA dropping 3.26% and Tesla falling 0.53%, continuing its nine-week decline. The crypto market showed oscillating but overall mild upward momentum. Bitcoin dropped near $81,000 on Tuesday before rebounding, and on Thursday, it surged to over $87,000 driven by the Federal Reserve's dovish remarks, creating a half-month high, then mostly oscillated around $84,000. This morning, it saw another rapid increase, reporting at $85,721 before press time, rising 3.18% over the past 7 days. Other mainstream tokens mostly showed slight gains, with Ethereum striving to stabilize above $2,000, and the BNB chain's meme trend continuing to attract attention. Market recovery signs are gradually emerging, and investor sentiment has improved. In forex and commodities, the US dollar index rose 0.34% weekly, its first weekly increase this month. The Russia-Ukraine conflict and Middle East situation continue to ferment, with crude oil rising over 2% for two consecutive weeks. Spot gold rose 1.31% cumulatively last week, marking three weeks of gains. Last week, the Federal Reserve maintained interest rates as expected, with the guidance for two rate cuts this year, and Powell's remarks also brought some comfort to the market. This week focuses on the PCE price index, the Fed's preferred inflation indicator, to be released on Friday. Additionally, with the "tariff deadline" approaching on April 2, uncertainty keeps the market cautious. However, once the tariff prospects become clearer, the market volatility of the past weeks may subside. eeee.com, as a financial trading platform supporting cryptocurrencies, stock indices, bulk gold, forex, and other assets, has recently launched a USDT stablecoin financial product with an 8% annual yield, providing potential hedging options for investors. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
4E: US stocks and crypto markets are recovering, this week's focus is on the US PCE price index in February
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content