Observing from 4E, information about Trump's tariffs continues to shake the market. On Wednesday morning, rumors emerged that Trump would announce tariffs on automobiles, causing U.S. stocks to plummet. The three main indices fell for the first time in four recent trading sessions: Dow Jones dropped 0.31%, S&P 500 lost 1.12%, Nasdaq plunged 2.04% – the sharpest decline in a day since 3/11. Technology stocks led the decline, with Tesla and Nvidia both falling over 5%.
The cryptocurrency market was volatile, with Bitcoin under pressure from U.S. stocks, dropping below 86,000 USD, but after the U.S. stock market closed, BTC quickly recovered, currently trading around 87,500 USD, slightly down 0.2% in the past 24 hours. Other major cryptocurrencies also declined slightly, with Ethereum trying to maintain above 2,000 USD. The recent JELLYJELLY event continues to expose the market manipulation potential of "whales" and raises questions about the true decentralization of the Hyperliquid platform.
Foreign exchange and commodity markets: The USD index rose strongly on Wednesday, especially after the White House confirmed new automobile tariffs, pushing USD up nearly 0.5% for the day. Oil prices also increased significantly due to crude oil inventories dropping more than forecast: WTI and Brent rose 1.8% and 1.6% respectively, reaching monthly highs. Conversely, gold weakened, dropping 0.1% after reaching its peak, marking the third decline in four days.
After consumer confidence data released on Tuesday showed an unexpected weakness, Trump announced at the end of Wednesday's trading session a 25% tariff on all imported automobiles. Simultaneously, "retaliatory" tax policies will be announced in the coming days. In the context of the Trump administration preparing to introduce a series of tariff measures, two Fed officials have spoken out to warn about negative impacts, raising concerns about economic prospects and increasing risk-averse sentiment.
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