4E: U.S. stocks closed down collectively before the non-farm payrolls announcement, the encryption market reached new highs, and altcoins performed strongly
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2024-12-06 11:32 1,184
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According to news on December 6, according to 4E monitoring, U.S. stocks fell into anxiety before the release of non-agricultural data on Thursday. The market stalled at a high level and the three major indexes collectively closed lower. The Dow fell 0.55%, the Nasdaq fell 0.18%, and the S&P 500 fell 0.19%. Most large technology stocks rose. Tesla rose more than 3%, and its stock price hit a new high in 2 years.
The crypto market reached a new all-time high. After Trump announced his nomination of a crypto supporter to serve as chairman of the U.S. SEC, the price of Bitcoin broke through the milestone of $100,000, reaching a maximum of around $105,000. The pin touched $90,500 and then quickly rose again. As of press time, Bitcoin was quoted at $98,240. Although Bitcoin flash crashed, altcoins were not affected and generally performed strongly, showing the confidence of market funds in altcoins.
In terms of foreign exchange commodities, the number of Americans applying for relief for the first time last week exceeded expectations. The U.S. dollar index fell by about 0.6% on "Non-Farm Eve" and showed a volatile downward trend throughout the day. Most non-U.S. currencies rose.
Economic data on Thursday showed that the U.S. labor market continues to cool steadily, with the market focusing on Friday's non-farm payrolls data to understand the Federal Reserve's interest rate cut stance. Currently, the Fed Watch Tool shows that the market expects a 70.1% probability of the Fed cutting interest rates this month.
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