(Emergency Notice) US stocks collapsed and the Nasdaq fell more than 500 points, which may lead to the trend of cryptocurrency sentiment
The three major US stock indexes closed with mixed gains and losses, with the Dow up 0.59%, the S&P 500 down 1.39%, and the Nasdaq down 2.77%.
UnitedHealth Group rose 4.45%, and Johnson & Johnson rose 3.67%, leading the Dow. Wind US TAMAMA Technology Index fell 3.25%, Nvidia fell 6.64%, and Tesla fell 3.14%. Chinese stocks generally fell, with ShuoDi Biotech falling 14.15% and BitDeer falling 7.69%. As of the close, the Dow Jones Industrial Average rose 0.59% to 41,198.08 points, setting a new record high. The S&P 500 fell 1.39% to 5,588.27 points, the largest single-day drop since April 30, and the Nasdaq fell 2.77% to 17,996.92 points, the largest drop since December 2022.
Technology stocks fell across the board, with Apple down 2.53%, Amazon down 2.64%, Netflix down 1.35%, Google down 1.58%, Facebook down 5.68%, and Microsoft down 1.33%.
The Federal Reserve made a heavy statement
Federal Reserve Governor Waller said that the time for interest rate cuts is getting closer and closer, and recent data makes him more confident in achieving an inflation rate of 2%. It is important to communicate different policy paths. Fed's Williams said that the Fed is one step closer to cutting interest rates, but is not ready to implement it yet. The current restrictive policy stance is appropriate; inflation is generally declining; the United States may need to cut interest rates in the coming months; employment and inflation targets are achieving a better balance; hope to get more data to increase confidence in the inflation rate reaching 2%; the labor market is still strong; the potential inflation trend is more back to 2%.
Warm reminder---Recent news has been frequent and volatile, and the market has reversed quickly. Everyone should pay attention to risk control. If you like it, you can pay attention to it. Take it away for free! ! !
