September 20, Macroeconomics

U.S. stocks rose sharply yesterday, with the Dow Jones Industrial Average closing up 1.24% and the S&P 500 closing up 1.7%, both hitting record highs, and the Nasdaq rose 2.51%. The market is digesting the positive impact of defensive interest rate cuts. Even though the Fed directly cut interest rates by 50 basis points this time, the market did not panic about recession. The non-agricultural data released last night exceeded expectations, indicating that the labor market is still resilient. It depends on the new employment data. If the employment data can remain strong, then the price of risky assets will most likely continue to rise in the future! #加密市场反弹 #新币挖矿HMSTR #美国大选如何影响加密产业？ #美联储宣布降息50个基点