On April 24, according to 4E monitoring, expectations of trade war easing boosted market sentiment. US stocks opened higher on Wednesday. In the late morning, the Treasury Secretary stated that a comprehensive trade agreement between the two major economies might take two to three years, and Trump would not unilaterally lower tariffs, which suppressed the stock market's gains, giving up more than half of its earlier rise. At market market close, the S&P 500 rose 1.67%, the Dow Jones rose 1.07%, and the Nasdaq rose 2.5%. Technology stocks led the gains, with Tesla and Intel rising over 5%.
The cryptocurrency market's momentum Bitcoin reached a high of $94,696 yesterday before slightly retreating, reporting at $93,576 at the time of writing, with a daily gain of 0.64% and a market value of $1.86 trillion, again ranking as the eighth-largest global asset. Bitcoin spot ETF saw net inflows for four consecutive trading days. Most mainstream tokens rose, with Ethereum striving to stabilize at $1,800. TRUMP coin surged over 40% stimulated by news that Top 25 holders could have dinner with Trump.
In the forex and commodities market, tariff relaxation stimulated the US dollar index to rise 0.96%; OPEC+ might further increase production, causing oil prices to drop nearly 2%. International gold prices plummeted, with New York spot gold falling 2.69%.
Tariff policy news continues to disturb global financial markets, with any minor progress triggviolent fluctuations. Market trends deviate from fundamental logic, and policy uncertainty disrupts traditional signals. Despite two consecutive days of US stock gains, market sentiment has not truly improved.
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