On February 10, the US non-farm payroll data for January was mixed, with the number of new jobs created during the month lower than market expectations, but the decline in the unemployment rate and strong wage growth indicating that the labor market remains healthy, which did not give the Federal Reserve more room to cut interest rates. At the same time, Trump announced that he would unveil "reciprocal tariffs" on other countries this week, once again shaking the market.
According to 4E monitoring, the US stock market rose for three consecutive days last week, but fell across the board on Friday, dragging the major indices down for two consecutive weeks. The S&P 500 index fell 0.24% last week, the Dow Jones fell 0.54%, and the Nasdaq fell 0.53%. Among the large-tech stocks, only Nvidia and Meta rose last week, while Tesla fell 10.62%, its worst weekly performance since October last year.
The cryptocurrency market continued to fluctuate downward. Trump's tariff policy increased market uncertainty and risk aversion sentiment, causing Bitcoin to experience a significant pullback and lack of rebound strength, currently fluctuating around $96,000, down more than 4% over the past week. Affected by Bitcoin, Ethereum and a host of Altcoins generally experienced large declines, with many investors actively or passively exiting the market during the decline. The previously closely watched AI and MEME sectors have become the hardest hit areas in this round of decline. However, as the market declined, institutional capital continued to flow in, with Bitcoin spot ETFs seeing net inflows of $200 million and Ethereum spot ETFs seeing net inflows of $420 million last week.
In the foreign exchange and commodity markets, the US dollar index fell in a volatile manner last week, although it rebounded somewhat on Friday due to the non-farm data and Trump's tariff remarks, but still fell 0.33% for the whole week; the market is concerned that a potential trade war may weaken oil demand, with US crude oil falling more than 2% last week. At the same time, the escalation of the trade war has driven increased demand for safe-haven gold, with spot gold rising more than 2% last week.
Trump's recent tariff policy and the reactions of various countries have dominated the current market trend. Market uncertainty has led to a cautious and observant attitude towards a series of risk events, with capital choosing to hedge. eeee.com, as a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets, 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.
