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

US pre-market trading sees broad gains in semiconductor, storage, and optical communication sectors, with NOK rising nearly 5%.

According to market data from BIT (bit.com), U.S. pre-market trading on Wednesday saw modest strength in the semiconductor, storage, and optical communications sectors. Semiconductor stocks rose broadly: Lam Research (LRCX) gained 0.91%, Applied Materials (AMAT) climbed 0.41%, and Arm (ARM) advanced 1.12%. The storage sector also trended higher, with SK Hynix (SKHY) up 1.63%, Micron Technology (MU) rising 0.84%, Western Digital (WDC) gaining 0.38%, SanDisk (SNDK) increasing 1.19%, and Seagate Technology (STX) adding 0.39%. Optical communication-related stocks led the gains: Astera Labs (ALAB) rose 1.31%, Applied Optoelectronics (AAOI) gained 0.98%, Coherent (COHR) advanced 0.79%, Credo (CRDO) up 0.95%, Lumentum (LITE) climbed 0.5%, and Nokia (NOK) jumped 4.79%.

9 minutes ago

Bernstein maintains Robinhood's "Outperform" rating, sets price target at $160.

Bernstein analysts have retained their "Outperform" rating on Robinhood Markets, along with a $160 price target, noting that the firm’s newly launched Layer 2 network has quickly become a profit driver. In a Tuesday report sent to clients, the team led by Gautam Chhugani pointed out that Robinhood Chain has grown rapidly since its July 1 launch. The network currently holds a Total Value Locked (TVL) of roughly $1.5 billion, with Decentralized Exchange (DEX) trading volume exceeding $50 billion. The analysts wrote: “This chain is now capable of generating profits.” They added that Robinhood Chain’s daily transaction fees currently range from $2 million to $4 million. Over the past 15 days, the chain ranked first among all blockchains in fee revenue, totaling roughly $33 million—surpassing Solana’s ~$11 million and BNB Chain’s ~$9 million.

9 minutes ago

Arthur Hayes: Flop Labs to Launch KOL Ranking Program

Arthur Hayes announced in a post that Flop Labs will launch a KOL ranking program, assigning each participating KOL a unique referral link. KOLs can embed this link in their content, and the platform will use it to track their referred users’ contributions to FLOP and network usage. Additionally, users who create wallets via a KOL’s exclusive referral link will be eligible to participate in regular FLOP giveaways. The program will be open to all users in the future, with more event details to be announced soon.

9 minutes ago

Lithium Americas gains over 5% in US pre-market trading

According to market data from BIT (bit.com), Lithium Americas' US stock gained over 5% in pre-market trading, following JPMorgan Chase assigning the stock an "overweight" rating.

9 minutes ago

Runway acquires Paris-based AI firm Kinetix, as world models begin their foray into robotics.

Beating AI Insight News Brief: AI video and world model company Runway has acquired Paris-based AI research firm Kinetix. Seven Kinetix employees are joining Runway, with the acquisition amount undisclosed. Kinetix specializes in research on 3D human motion and physics-compliant video generation. The team will join Runway’s Paris research center, focusing on developing world models for robotics.

9 minutes ago

Runway's annual recurring revenue (ARR) has doubled to $200 million over five months, with the company targeting $350 million by year-end.

Beating AI News reports: Anastasis Germanidis, co-founder and co-CEO of AI video and world model firm Runway, stated that the company’s annual recurring revenue (ARR) topped $200 million last week, doubling from $100 million in April over five months. Bloomberg, citing insiders, noted Runway expects its ARR to exceed $350 million by the end of this year. A large portion of recent growth stems from enterprise clients. Runway disclosed in August its net revenue retention (NRR) surpassed 300%, with one Fortune 20 client seeing usage grow 17 times this year. Enterprises including Amazon, Microsoft, Adobe, and Robinhood are all using Runway.

9 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano