4E: US stocks collectively closed down before the non-agricultural announcement, the crypto market ushered in a new high, and counterfeit products performed strongly
On December 6th, according to 4E monitoring, US stocks fell into anxiety before the release of non-agricultural data on Thursday. The market was high and the three major indexes closed lower collectively. The Dow fell 0.55%, the Nasdaq fell 0.18%, and the S & P 500 fell 0.19%. Most of the large technology stocks rose, Tesla rose more than 3%, and the stock price hit a new high in two years.
The crypto market ushered in a record high. After Trump announced the nomination of crypto supporters as the chairperson of the US SEC, the price of bitcoin broke through the milestone mark of $100,000 in one fell swoop, reaching as high as $105,000, and then rose sharply after touching $90,500 this morning. As of press time, bitcoin quoted $98,240. Bitcoin flash crash, counterfeit products were not affected, generally strong performance, showing the confidence of market funds in counterfeit products.
In terms of foreign exchange commodities, the number of first applications for relief in the United States last week exceeded expectations. The US dollar index fell by about 0.6% on the "non-farm eve", showing a volatile downward trend throughout the day, and most non-US currencies rose.
On Thursday, economic data showed that the US labour market continued to cool steadily. The market focused on Friday's non-farm payrolls data to understand the Federal Reserve's stance on cutting interest rates. At present, the Federal Reserve Watch tool shows that the market expects the Federal Reserve to cut interest rates this month. The probability is 70.1%.
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