4E: The uncertainty of Trump's tariffs intensifies volatility, U.S. stocks fluctuate, and the cryptocurrency market shows mixed performance
ChainCatcher news, Trump held his first cabinet meeting on Wednesday, confirming that tariffs on Canada and Mexico will take effect as scheduled, and claiming that a 25% tariff will be imposed on the EU. Additionally, new home sales in the U.S. fell to a three-month low in January, further indicating signs of weak consumer demand. The combination of tariff policies and poor consumption data has raised concerns in the market about the economic growth outlook.According to 4E monitoring, U.S. stocks initially rose across the board, but fell back from intraday highs under the impact of Trump's tariff remarks, ultimately closing mixed. The S&P 500 and Nasdaq, which had fallen for four consecutive days, slightly increased by 0.01% and 0.26%, respectively, while the Dow Jones fell by 0.43%. Most tech stocks rose, with Nvidia leading the gains by over 3% ahead of its earnings report, while Tesla dropped 3.96% due to declining sales. After hours, Nvidia reported fourth-quarter results and current quarter guidance that both exceeded market expectations, alleviating concerns about its AI chip production and computing power demand.The cryptocurrency market did not follow the tech stock rebound, with Bitcoin dropping again, hitting a low of $82,256, currently reported at $84,705, down 4.84% in 24 hours. The top ten mainstream coins by market cap collectively declined, with ETH and SOL falling by 5.46% and 3.9%, respectively. Altcoins showed mixed performance, with some rising against the trend, exhibiting signs of "sucking blood" from Bitcoin, causing Bitcoin's market share to drop from 61% to 59.5% within two days. Bitcoin spot ETFs saw a net outflow of $337 million yesterday, marking seven consecutive days of capital outflow.In the forex and commodities sector, Trump's tariff remarks became the focus, with the dollar stabilizing and rebounding on Wednesday, while gold prices stabilized after reaching a historic high, with spot gold slightly up by 0.08%; oil demand remains weak, and the potential peace agreement between Russia and Ukraine continues to exert pressure on oil prices, with WTI crude oil down by 0.45%.Current tariff concerns and economic slowdown continue to dominate market sentiment, with investors closely monitoring the upcoming U.S. GDP and PCE data, as well as the latest developments in Trump's tariff plan. eeee.com (http://eeee.com/) is a financial trading platform that supports assets such as cryptocurrencies, stock indices, precious metals, and forex, recently launching a USDT stablecoin financial product with an annualized return of 8%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.