On November 28, news reported that the Federal Reserve's favorite inflation indicator, although in line with expectations, rebounded in October compared to September. This data supports the Federal Reserve's cautious stance on interest rate cuts, but market expectations for a rate cut in December have not been dampened.

According to 4E monitoring, the three major U.S. stock indexes collectively closed lower on Wednesday, ending a recent streak of gains. The Dow Jones fell 0.31%, the S&P 500 dropped 0.38%, ending a seven-day rise; most large tech stocks declined, and the U.S. stock market will be closed for one day on Thursday, with an early close on Friday three hours ahead of schedule. Traders seem to be taking profits from large tech stocks that performed well this year, leading to a 0.60% drop in the Nasdaq, which lagged behind the three major indexes.

Earlier this week, Bitcoin experienced a pullback as some investors took profits when prices approached historical milestones. On Wednesday, the cryptocurrency market collectively rebounded strongly, with Bitcoin rising nearly 4.4% in the last 24 hours, and Ethereum rising over 10%, boosting the performance of crypto concept stocks. MicroStrategy rose 9.94% and Coinbase rose 6.03%.

In the forex commodity market, trading was light ahead of Thanksgiving, with the dollar weak, falling about 0.9% to hit a two-week low, while non-U.S. currencies rose broadly; news about the potential delay of OPEC+'s production increase plans supported oil prices, with U.S. crude oil closing slightly down on Wednesday and Brent crude remaining roughly flat; gold prices rose on Wednesday, but after data showed inflation progress stalled, expectations for interest rate cuts were suppressed, and the increase in gold prices narrowed.

eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex. Recently, it launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.