4E: U.S. stocks continue to recover, rally, encryption market shocks downward
On February 5, according to 4E monitoring, the three major U.S. stock indexes collectively closed higher on Tuesday, continuing Monday's V-shaped recovery. Strong corporate results also boosted investors 'optimism. At the close, the Dow was up 0.3%, the S & P 500 was up 0.72%, and the Nasdaq was up 1.35%. Large technology stocks all rose, with Apple, Tesla and Google rising more than 2%. The crypto market fluctuated downward. Bitcoin was earlier trying to stabilize its position at the US$100,000 mark. However, David Sacks's speech did not mention the specific details of the U.S. Bitcoin reserves and the rising market uncertainty caused by the escalation of Sino-US trade tensions., Bitcoin experienced a large correction, with a minimum reaching around US$96,000 this morning. Driven by bitcoin, altcoins generally fell. Ethereum has fallen 3.2% in the past 24 hours and is currently trading at US$2718, while SOL has fallen 4.5% to US$205. Bitcoin's market share rose from a December low of 53% to a four-year high of 61%, and the rise in dominance suggests an increasing shift of funds away from altcoins to Bitcoin. In terms of foreign exchange stocks, JOLTS job vacancies in the United States exceeded expectations and fell to a three-month low in December, implying that the economy is weakening and putting short-term pressure on the US dollar. The US dollar index fell by about 1%. Non-US currencies generally rose. Oil prices fell sharply at the beginning of the session in U.S. stocks. Later, U.S. officials said they would reduce Iran's oil exports to zero. The decline in U.S. oil narrowed significantly, and oil distribution turned higher. Tariff uncertainty still leads to the existence of safe-haven demand. The decline of the US dollar also benefits metal prices. Spot gold continues to hit record highs, with a cumulative increase of 8.28% this year. Investors are currently focusing on Friday's heavy U.S. non-farm payrolls data and speeches by several Federal Reserve officials, as well as the latest developments in the Sino-US trade war. This week is also a busy earnings season for U.S. stocks. According to industry statistics, among the 211 S & P 500 companies that have announced fourth-quarter results, 76.8% of companies have exceeded analysts 'expectations. Strong corporate results have boosted investor optimism. ee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It recently launched the USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential safe-haven options. 4E reminds you to pay attention to market volatility risks and rationally allocate assets.
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