According to 4E, uncertainty about tax policy continues to put pressure on the US stock market. At the end of Thursday's session, the three main indices moved in different directions: Dow Jones fell 1.33%, S&P 500 rose 0.13%, and Nasdaq slightly decreased 0.13%. The US market will be closed on Friday due to Good Friday. Overall for the week, this is the third consecutive week of decline for the three indices: Dow Jones dropped a total of 2.66%, Nasdaq fell 2.62%, and S&P 500 decreased 1.5%.
The cryptocurrency market fluctuated within a narrow range. Bitcoin maintained above the 84,000 USD threshold, while Ethereum fluctuated below 1,600 USD. Altcoins showed limited volatility. Investors remain cautious in the context of unclear tax policy, and in the derivative market, concerns about a downward trend are more prevalent than expectations of growth.
In the foreign exchange and commodity markets, the USD index slightly decreased 0.01%, marking the third consecutive weak week. Due to a weak USD and positive expectations about energy trade from Trump, WTI oil rose over 3% on Thursday and increased approximately 5% for the week. Meanwhile, gold prices slightly adjusted from their highs, with spot gold falling 0.46%.
The European Central Bank continues to maintain a loose monetary policy, while the US Federal Reserve (Fed) maintains an observational stance. On Thursday, Trump strongly criticized Fed Chairman Jerome Powell's interest rate policy as "always too slow and wrong", simultaneously calling for Powell's immediate dismissal. Investors are monitoring whether the Fed will adjust its policy under political pressure.
eeee.com, a financial trading platform supporting assets like cryptocurrencies, stock indices, gold, and foreign exchange, recently launched a USDT Earn product with an annual yield of 8%, offering investors a potential option to hedge risks. 4E recommends paying attention to market volatility risks and allocating assets rationally.
