On February 6, according to 4E monitoring, the three major US stock indexes rose across the board on Wednesday. At the beginning of the session, technology stocks fell sharply, causing the market to open lower for a time, and the Nasdaq fell nearly 0.8%. Then the three major indexes rebounded and closed near the daily high, rising for the second consecutive day. At the close, the Dow Jones Industrial Average rose 0.71%, the S&P 500 rose 0.39%, and the Nasdaq rose 0.19%. Large technology stocks performed differently, with Nvidia rising 5.21%, while Tesla’s stock price closed down 3.58% due to a sharp drop in sales in Germany.
The crypto market fluctuated downward. Bitcoin once rose above $99,000 last night, and then fluctuated and fell again by a large margin. The lowest price was around $96,000 this morning, and it is now reported at $97,450, down 0.61% in 24 hours. Affected by Bitcoin, altcoins generally fell, but Ethereum has an independent trend after the previous oversold, and has now rebounded to around $2,800, with a 24-hour increase of 2.33%. The current crypto market is significantly affected by Trump’s tariff war and potential inflation, and the volatility is violent, showing the characteristics of sharp declines and sharp rises. It may still take time to adjust and repair in the short term.
In terms of foreign exchange bulk, global trade war concerns have eased slightly, the US dollar has fallen to a new low in a week, the euro has risen slightly, the pound has hit a new high in a month, and the yen has risen by more than 1%; the market is worried about the outlook for global oil demand, and oil prices have fallen by more than 2% to a new daily low; the US dollar and US Treasury yields have weakened together, and investors are worried about escalating trade frictions. The demand for safe-haven demand has pushed spot gold to a new high.
Currently, investors are paying close attention to Friday’s January non-farm payroll report, as well as possible policy adjustments and trade negotiation progress in the future. The market is generally cautious about a series of risk events.
4E is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It recently launched a USDT stablecoin financial 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.
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