On September 7th, according to the monitoring of 4E Exchange, the three major indices of US stocks fell across the board on Friday. In the first trading week of September, the Nasdaq fell by 5.77%, the largest weekly decline since January 2022; the S & P fell by 4.25%, and the Dow fell by 2.93%, both hitting the largest weekly decline in a year and a half. The crypto market continued to slump, with Bitcoin falling by more than 10.51% and Ethereum falling by more than 13.84%.
The US non-farm job creation in August was less than expected. After the recent stock market shock, the market is like a frightened bird, and any shortcomings will be magnified. Although the market expects the Federal Reserve to start a rate-cutting cycle this month, the Federal Reserve's voting committee did not explicitly let go of the 50 basis points rate cut in September, which disappointed the market. September has traditionally been a poor month for US stocks and cryptocurrencies, and market confidence indicators were weak. Against this background, eeee.com launched the USDT stablecoin wealth management product, providing investors with a potential safe-haven option to obtain stable returns in the market turmoil.
4E Exchange: The three major indices of US stocks fell across the board, the crypto market fell sharply, and stablecoin wealth management products became a potential safe-haven option
2024-09-07 05:27:07
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