On March 6, it was reported that Trump's tariff policy was fine-tuned, delaying the tariffs on Mexican cars for a month, and was willing to consider more tariff exemption requests. Trade tensions may ease, boosting market sentiment. According to 4E monitoring, US stocks reversed the decline of the previous two days and rebounded sharply on Wednesday. The technology and auto sectors led the gains. As of the end of the day, the S & P 500 index closed up 1.12%, the Dow index rose 1.14%, and the Nasdaq index rose 1.46%. Large technology stocks generally rose, with Microsoft leading the way.
The crypto market rallied across the board. Driven by US stocks, coupled with the approaching White House crypto summit, the market expects further clarity on crypto policies such as the Bitcoin Reserve Plan. Bitcoin's upside breakthrough reached a maximum of $91,903, rising 4.8% in 24 hours, and Ethereum returned to above $2,200, rising 4.59% in 24 hours. All sectors of the market generally rebounded, with gains of about 2% to 8%, and market sentiment was boosted.
4E: Trump's tariff tweaks boost the market, US stocks and crypto markets rebound together
2025-03-06 03:21:07
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