stock market

4E: With the U.S. elections approaching, the U.S. stock market and cryptocurrency market are overall lacking direction

ChainCatcher news, according to 4E monitoring, on Thursday, only the Dow Jones fell among the three major U.S. stock indices. Dragged down by the earnings reports of IBM and Honeywell, the Dow fell 0.33%, marking its fourth consecutive day of decline; the S&P 500 index rose 0.21%, halting a three-day losing streak; Tesla surged nearly 22%, supporting the Nasdaq and the consumer discretionary sector, with the Nasdaq reaching a peak increase of over 0.8% during the session. Most cryptocurrencies rose, with Bitcoin rebounding to surpass $68,000, up 0.9%, and Ethereum reported at $2,513, down 1.5%.In the foreign exchange bulk market, the U.S. dollar index fell about 0.4% on Thursday, ending a three-day rally and retreating from a nearly three-month high; as U.S. Treasury yields fell alongside the dollar, gold prices surged significantly. Spot gold jumped by $20.52, an increase of 0.76%, approaching historical highs again; concerns about a slowdown in the European economy negatively impacting oil demand, coupled with reports that the U.S. and Israel would attempt to restart negotiations on a ceasefire in Gaza, pressured oil prices, with U.S. oil and Brent oil rising over 2% before turning to a decline of more than 1%.Multiple economic data released in October support the market's bets on a regular 25 basis point rate cut by the Federal Reserve in November. The market is still focused on corporate earnings reports; so far, over 32% of companies in the S&P 500 index have reported their third-quarter results, with 76% of those companies exceeding analysts' expectations. Despite the continuous major news during earnings season, with the U.S. election approaching, the overall U.S. stock market remains directionless. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange, recently launching a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

QCP Capital: The Chinese stock market has retreated, and cryptocurrencies may become a new destination for funds

ChainCatcher news, QCP Capital's latest analysis points out that the Chinese stock market has shown weak rebound after the long holiday, and the government report failed to introduce new economic stimulus measures. The MSCI Asia-Pacific stock index recorded its largest decline in a month. The US stock market also fell overnight, mainly affected by large tech stocks and geopolitical tensions, with the VIX index rising to 22 points.The cryptocurrency market's volatility remains stable, with recent implied volatility at 43%, which is 3 percentage points lower than the 7-day historical actual volatility. Previously, Bloomberg reported that since the end of September, Chinese investors may have sold USDT to fund stock purchases, while Bitcoin prices remained stable. As the rebound in the Chinese stock market weakens, it is expected that funds may be reallocated to the cryptocurrency market, reflecting the increasing maturity of the crypto industry as another risk asset.QCP believes that due to the upcoming earnings season and CPI data release, the stock market may face downward risks in the short term, which could challenge its high valuation. Geopolitical tensions further increase market uncertainty. QCP remains mid-term optimistic, expecting election-related news to continue to drive the cryptocurrency market.

4E: The situation in the Middle East escalates, and cryptocurrencies in the US stock market collectively decline

ChainCatcher news, on Tuesday local time, Iran launched a missile attack on Israel, escalating tensions in the Middle East once again and triggering cautious sentiment in global markets, with U.S. stocks and the crypto market responding with declines.All three major U.S. stock indices closed lower, with the Dow down 0.41%, the S&P 500 down 0.93%, and the Nasdaq down 1.53%, making technology stocks the worst-performing sector; the crypto market saw a significant drop, with Bitcoin nearly falling below $60,000, currently quoted at $61,523, down 2.75% in 24 hours, and Ethereum down 5.11%, as market sentiment returned to panic. Data shows that Bitcoin fell about 4% in the first two days of October, in stark contrast to the historical average increase of 20% for the entire month of October; in commodities, the safe-haven asset gold was favored, with December gold futures on the NYSE rising 1.16%, and concerns over crude oil supply intensified, causing international crude oil prices to rise more than 4% at one point.The escalation of tensions in the Middle East has led to a rapid increase in market panic, resulting in a sell-off of risk assets and increased market volatility. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodity gold, and foreign exchange, recently launching a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.
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