Michael Wilson, a strategist at Wall Street investment bank Morgan Stanley, warned that if the Federal Reserve initially cuts interest rates by more than 25 basis points, the yen could strengthen further, which would prompt yen traders to withdraw from U.S. assets after domestic interest rates rise, and global markets could return to a turbulent pattern.
Bitcoin fell back after breaking through $58,000 yesterday. After fluctuating and accumulating strength above $56,000, it broke through $58,000 again after 3 a.m. today (11), but selling pressure soon emerged again, and it ushered in a rapid decline after 9 a.m. and fell below $57,000.
At the time of writing, it was reported at $56,962, and the increase in the past 24 hours narrowed to 0.54%.
The three major U.S. stock indexes rose
As for the U.S. stock market, except for the Dow Jones Industrial Average, which fell slightly at the close of the day, the other three major indexes all rose:
The Dow Jones Industrial Average fell 92.63 points, or 0.23%, to 40,736.96.
The S&P 500 index rose 24.47 points, or 0.45%, to close at 5495.52.
The Nasdaq index rose 141.28 points, or 0.84%, to close at 17025.88 points.
The Philadelphia Semiconductor Index rose 54.89 points, or 1.19%, to close at 4680.67 points.
