Lookonchain APP

App Store

4E: US Stock and Crypto Markets Rebound, Focus This Week on US February PCE Price Index

2025.03.24 11:00:34

March 24th. Based on 4E monitoring, during the past week, the dovish remarks from the Federal Reserve and President Trump's statement regarding flexibility in the tariff plan successively boosted stock market confidence. After significant fluctuations, the three major indices closed up collectively for the week: the Dow increased by 1.2%, marking the largest weekly gain in more than two months; the S&P 500 rose by 0.51%, ending a four-week losing streak; the Nasdaq rose slightly by 0.17%, halting the previous four-week decline. However, large-cap tech stocks generally closed the week in a lower position, with Nvidia down by 3.26%, Tesla down by 0.53%, and experiencing a consecutive nine-week decline. The cryptocurrency market witnessed fluctuations but overall showed a mild upward trend. Bitcoin dipped below $81,000 on Tuesday and then rebounded. It surged above $87,000 on Thursday following the dovish comments from the Fed and hit a two-week high. After that, it oscillated around the $84,000 level. This morning, it experienced another rapid increase and was trading at $85,721 before the deadline, with a 3.18% increase in the past 7 days. Other major altcoins saw slight gains, with Ethereum striving to hold above $2,000, and the on-chain meme trend of BNB continued to attract attention. Signs of a market recovery are emerging, and investor sentiment is improving. In the commodities market, the US dollar index rose by 0.34% for the week, marking its first weekly gain this month. Tensions between Russia and Ukraine and in the Middle East continued to escalate, resulting in a more than 2% increase in crude oil prices for two consecutive weeks. Spot gold rose by 1.31% last week, extending a three-week upward trend. Last week, the Federal Reserve maintained interest rates unchanged, in line with market expectations, with the guidance for two rate cuts still in place for the year. Powell's remarks also brought some comfort to the market. This week, the focus is on the release of the Fed's preferred inflation measure - the PCE Price Index on Friday. Additionally, as the April 2nd "tariff deadline" approaches, market caution remains due to uncertainty. However, once the tariff outlook becomes clearer, the ongoing market turbulence of recent weeks may start to subside. As a financial trading platform that supports cryptocurrency, stock indices, commodities such as gold, and forex assets, eeee.com recently launched a USDT stablecoin financial product with an 8% annualized return, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate your assets rationally.
Relevant content

Trump Once Again 「TACO」 Sends Peace Signal, US Stocks Soar with Nasdaq Up Over 2.5%, Semiconductor Index Surges 8%

June 12 – Per Bitget market data, Trump "TACOed" (short for Take Another Cycle Out) this morning, scrapping the planned strike against Iran and signaling a potential agreement could be reached as early as this weekend. The news triggered a sharp rally in U.S. equities: the Nasdaq 100 closed up roughly 3.5% – its best single-day performance in over a year. The broader Nasdaq index rose more than 2.5%, led by tech stocks, with the semiconductor sector surging 8%. Leading gains across U.S. semiconductor and storage names included: Marvell Technology (MRVL): +11.13% Intel (INTC): +9.27% AMD: +7.97% Qualcomm (QCOM): +6.15% Seagate Technology (STX): +6.38% Western Digital (WDC): +8% SanDisk (SNDK): +14.5% Micron Technology (MU): +11.6% On the bond front, the 10-year U.S. Treasury yield dropped 10 basis points to 4.45% in a single session. The 7-year Treasury saw the steepest move, with its yield falling 12 basis points. Meanwhile, international crude futures slumped: Br

9 minutes ago

Trump Says US-Iran Agreement Entering Final Draft Stage, Expected to be Signed This Weekend

On June 12, Trump stated, “We’ve just clinched a major war and peace agreement with Iran. The final deal could wrap up in the next few days, and the signing might happen in Europe. The Strait of Hormuz will open immediately after we ink the agreement. We could sign the Iran deal as soon as this weekend, with Vice President Vance on hand.” Trump also noted, “For this Iran agreement, I’ve learned Iran’s Supreme Leader has greenlit it. Once the deal is signed, the U.S. will lift the associated sanctions.”

9 minutes ago

CME Group Expands WTI Crude Oil and Gold Trading to 24/7 Mode

On June 12, the Chicago Mercantile Exchange (CME) announced that after securing regulatory approval, it will offer 24/7 trading for new, smaller-sized crude oil and gold contracts. The new crude oil contract will be one-tenth the size of CME’s existing Micro WTI Crude Oil futures contract and is set to debut on August 30. Trading for the exchange’s current 1-ounce Gold futures contract will switch to 24/7 operation starting July 26. Derek Sammann, CME Group’s Global Head of Commodity Markets, stated: “Amid geopolitical uncertainty, we’re offering properly sized, 24/7 accessible regulated products that let traders manage their risk exposure at any time news breaks.”

9 minutes ago

Iran Media: Iran Likely to Approve US-Iran Agreement Text

June 12 (Fars News Agency) — The draft agreement proposed by Iran has been accepted by the U.S., making it highly probable that Tehran will grant its approval. However, Iran has not yet submitted a final response.

9 minutes ago

US Media Reveals Behind-the-Scenes of US-Iran Agreement Negotiation: Three Major Differences Narrowed With Qatar's Mediation

June 12 (Axios) — Former President Donald Trump has repeatedly claimed a U.S.-Iran agreement was imminent, a assertion Tehran has not yet confirmed, Axios reports. However, three sources familiar with the talks said key disagreements were resolved during Wednesday’s meeting between Iranian officials and Qatari mediators. Negotiations in Tehran ran late into Wednesday night, as Qatari envoy Ali Shamkhani and Iranian Foreign Minister Abbas Araghchi worked to bridge remaining gaps between the U.S. and Iran. Both sides — the Qatari and Iranian — expressed confidence Wednesday that they had finalized a text the U.S. would accept. Progress has narrowed rifts on three core issues: the mechanism for unfreezing Iranian assets (Tehran’s top priority), arrangements for reopening the Strait of Hormuz during a 60-day ceasefire, and talks on Iran’s nuclear program within that ceasefire period. Iranian officials told multiple countries on Thursday that the Tehran talks produced a preliminary agreem

9 minutes ago

Intraday Gains in US Stocks Widens, Nasdaq Rises 2%

June 12: Per Bitget data, the three major U.S. stock indexes expanded their intraday gains: the Nasdaq rose 2%, the Dow Jones added 1.6%, and the S&P 500 gained 1.3%. On the news front, President Trump announced he was scrapping a planned strike against Iran tonight, and will soon unveil the time and location for the signing of the agreement.

9 minutes ago