tech stocks

4E: U.S. tech stocks lead the decline, the crypto market plummets, and gold prices hit a new high

ChainCatcher news, influenced by Microsoft's withdrawal of two data centers, Wall Street is concerned that AI infrastructure may face the risk of oversupply. Additionally, Trump's claim that tariffs on Canada and Mexico will continue further undermines market confidence. According to 4E monitoring, major U.S. stock indices saw more declines than gains that day, with the Dow Jones closing up 0.08%, the S&P 500 closing down 0.50%, and large tech stocks collectively falling, dragging the Nasdaq down 1.21%.The cryptocurrency market collectively plummeted under the lead of U.S. stocks. Lawmakers in South Dakota delayed a vote that could allow the state to invest in Bitcoin, effectively killing the bill and further dampening market sentiment. Bitcoin fell below $91,000, hitting a new low since February, and then slightly rebounded, currently reported at $92,245, down 3.77% in 24 hours.Ethereum and altcoins saw significant declines. Previously, the market expected Bybit to buy back ETH to replenish wallet funds, which boosted ETH's rebound. However, market news indicated that the ETH gap had been fully closed through loans and over-the-counter trading, leading to a decline in ETH. This morning, driven by the broader market, it fell below $2,500, down 11% in 24 hours. The meme momentum cooled, with Solana's price dropping below $140, marking the lowest since October, down 15% in 24 hours.In the forex commodities sector, concerns about weak U.S. economic growth led to a 0.07% drop in the dollar index. The U.S. announced a new round of sanctions on Iranian oil exports, with international oil prices rising over 0.4%. Increased demand for safe-haven assets and a weaker dollar supported spot gold, which rose over 0.53% to set a new high, with gold prices up over 12% this year, as investors focus on the $3,000 mark.Current market sentiment is relatively fragile, with deadlines approaching. Trump's tariff policies on Canada and Mexico, along with further signs of weakness in U.S. economic data, create uncertainty in the market, increasing risk aversion. Upcoming key events, such as Nvidia's earnings report on Wednesday, U.S. GDP data on Thursday, and the Fed's preferred inflation indicator PCE data on Friday, may all impact the market.eeee.com (http://eeee.com/) is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex. Recently, it launched a USDT stablecoin financial product with an annualized return of 8%, providing investors with a potential safe-haven option. 4E reminds you to be aware of market volatility risks and to allocate assets wisely.

4E: Next week's interest rate cut is almost certain, tech stocks surge, Nasdaq hits a new high, and the crypto market rebounds collectively

ChainCatcher news shows that the U.S. November CPI accelerated both year-on-year and month-on-month, while the core CPI's year-on-year and month-on-month increases remained the same as in October. These data points are fully in line with expectations, and the market has almost completely priced in a 25 basis point rate cut by the Federal Reserve in December.According to 4E monitoring, U.S. stock indices showed mixed results on Wednesday, with the Dow Jones down 0.22%, the S&P 500 up 0.82%, and tech stocks and chip stocks rising collectively, pushing the Nasdaq up 1.77%, reaching a historic high and closing above the 20,000 point mark for the first time. Among large tech stocks, Tesla rose nearly 6%, leading Google, Meta, Amazon, and other tech giants to new highs. Tesla's six consecutive trading days of gains also made Musk the world's richest person with a net worth exceeding $400 billion. Cryptocurrency-related stocks surged collectively, with MicroStrategy up over 9% and Coinbase nearly 4%.With the U.S. CPI data meeting expectations, the overall cryptocurrency market has rebounded. Bitcoin rose 4.5% to regain the $100,000 mark, Ethereum broke through $3,800, and altcoins collectively rebounded, generally returning to the positions before yesterday's decline. Data shows that the U.S. Bitcoin spot ETF saw a net inflow of $223 million yesterday, and over 970 million USDT flowed from Tether to CEX in the past 24 hours, indicating active market trading and strong bullish sentiment.In the forex commodities sector, the dollar experienced a V-shaped rebound, rising for four consecutive days to a two-week high, while non-U.S. currencies fell broadly; rate cut expectations boosted gold prices, with spot gold climbing 0.9% to test $2,720, reaching a five-week high; U.S. EIA crude oil inventories fell more than expected last week, and with global demand expected to recover, oil prices continued to strengthen under these dual positive factors.With the non-farm and CPI data released, a rate cut by the Federal Reserve next week has almost become a certainty. However, given that the data itself has increased compared to previous values, it has somewhat compressed the Fed's room for rate cuts next year, and the market expects a lower probability of a rate cut in January. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launching a USDT stablecoin financial 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 reasonably.
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