According to 4E, Federal Reserve officials have continuously sent signals supporting an earlier-than-expected interest rate cut, significantly improving market sentiment. US. US stocks continued to rise, with all three closing in green. Nasdaq surged 2.74%, setting a record for the first time rising over 2% in three consecutive sessions since May 2001. S&P 500 increased 2.03%, while Dow Jones, affected by less favorable business results of some blue-chip stocks, only rose 1.23%. The technology stock group led, with an average increase of around % "7 giants".
The cryptocurrency market moved sideways in with volatility. Bitcoin maintained above 93,000 USD, with cash flow continuing to flowing into spot ETF funds four consecutive sessions, showing recovering confidence in risk assets. Ethereum slightly adjusted below 1,800 USD, with cash flow withdrawing from ETF funds. Major altcoins showed slight movements, with Layer2 group leading the increase. Market sentiment index continued to rise, returning to the "greed" zone.
In commodities and foreign exchange markets, clear differentiation occurred. Interest rate cut expectations caused USD index to drop 0.47%. Weak USD supported slight oil price recovery, with WTI oil rising over 0.83%. Gold price jumped 1.77%, returning to 3,300 USD/oz level, currently trading around 3,346 USD.
Many Fed officials hinting at potential rate cuts in June temporarily dampened the impact of Trump's tax policy. According to CME FedWatch data, the probability of Fed maintaining rates in May is very high, while the possibility of rate June 58%.
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