According to 4E monitoring, Trump may relax tariff plans, which eased the market's anxiety about a full-scale trade war to a certain extent and supported the continued rebound of US stocks. On Tuesday, the three major U.S. stock indexes rose slightly, continuing the gains on Monday. The S&P 500 closed up 0.16%, the Dow Jones Industrial Average rose 0.01%, and the Nasdaq rose 0.46%. Most of the large technology stocks rose, and Tesla rose by more than 3% for five consecutive days, with a cumulative increase of 28%.
The crypto market fluctuated upward, and Bitcoin fell back after reaching a high of $88,765 on Monday, and broke through $88,000 again last night, showing strong momentum for upwards. The writing has now slightly declined hovering above $87,000, and the 24-hour increase narrowed to 0.8%. All sectors in the market generally rose, and the Meme sector continued to perform strongly. Current market sentiment is optimistic. Historically, risky assets are usually one of the best performing periods in the second quarter, especially April each year.
The U.S. consumer confidence index for March, released last night, fell to its lowest level in four years, reflecting consumer concerns about the economic outlook. The fatigued data slowed down significantly the momentum of US stocks' upward trend, and the three major indexes remained sharply close. As the effective date of the reciprocity tariffs approaches on April 2, the market is closely monitoring how relevant policies affect economic growth and inflation.