4E: Russia-Ukraine tensions escalate, US stocks rise and fall, Bitcoin hits new highs
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On Tuesday, November 20th, the market's attention was focused on the Russia-Ukraine situation. On the 1000th day of the Russia-Ukraine conflict, Russia's new policy lowered the threshold for the use of nuclear weapons, causing global financial markets to be on edge, although the overall reaction was relatively limited.
According to 4E monitoring, the US stock market experienced a roller coaster ride. US stocks initially fell collectively as investors panicked and turned to safe-haven assets due to the escalating Russia-Ukraine tensions. However, after the US responded by saying there was no reason to adjust its own nuclear posture or strategy, the market was able to shake off the concerns of a nuclear war escalation. Ultimately, the Dow Jones index fell, the S&P 500 index rose slightly, and the Nasdaq gained 1%, with most large-cap tech stocks rising, led by Nvidia's nearly 5% surge.
The US is embracing cryptocurrencies more closely, with pro-crypto choices set to lead the US Commerce Department, the listing of ETF options, and Trump Media Group in advanced negotiations to acquire the cryptocurrency platform Bakkt, pushing Bitcoin to a new high of $93,905 before a slight pullback, last trading at $91,900. Bitcoin's rise has attracted a lot of liquidity, causing Altcoins to generally decline.
In the foreign exchange and commodity markets, the US dollar index rose on Tuesday. Safe-haven currencies like the US dollar, Swiss franc, and Japanese yen initially gained due to geopolitical tensions, but this effect weakened after comments from Russian and US officials. Spot gold rose nearly 2%, extending the previous trading day's gains for the third consecutive session, while geopolitical tensions supported oil prices, which closed slightly higher on Tuesday.
The market is currently focused on Nvidia's earnings report on Wednesday. With Nvidia's market capitalization having grown to around $3.5 trillion, its post-earnings valuation fluctuations are expected to be among the largest on record and will impact the US stock market. In addition, investors are also closely watching the cabinet nominations of the Trump administration this week. eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, gold, and foreign exchange, and has recently launched a USDT stablecoin 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.
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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.
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