4E: Fed Decision Day Sees Stock Market and Bitcoin Drop, Gold Hits New High

On March 19th, based on 4E monitoring, on Tuesday, the three major U.S. stock indexes ended their two-day winning streak. The Nasdaq declined by 1.71%, the S&P 500 dropped by 1.06%, and the Dow Jones slipped by 0.62%. Tech stocks took the lead in the decline. Tesla plummeted by 5.34% due to increased competition. Nvidia's GTC conference new products failed to boost its stock price, resulting in a 3.35% drop. In the crypto market, affected by the lower opening of the U.S. stock market, Bitcoin quickly fell to around $81,000 last night. After the U.S. stock market closed, it bounced back and was standing at $82,571 at the time of writing, with a nearly 1% drop in 24 hours. Ethereum, possibly boosted by the Pectra upgrade news, rose against the trend by 1.3% and reached $1,940. Other major coins mostly experienced slight declines. In the commodities market, the U.S. dollar index continued to weaken by 0.13%. A temporary ceasefire agreement in the Russia-Ukraine conflict on energy facilities caused oil prices to fall by nearly 1.00%. U.S. recession concerns, combined with the unstable situation in the Middle East, drove spot gold prices up by over 1.1% and approached $3,040, hitting another all-time high. The market is focusing on tonight's Federal Reserve monetary policy decision. Although keeping interest rates unchanged is the market consensus, investors still hope to find clues from the "dot plot" and Powell's comments during the press conference regarding policymakers' assessment of the potential impact of the trade war and when the Fed might cut rates again. eeee.com, as a financial trading platform supporting assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launched a USDT stablecoin financial product with an 8% annualized return rate, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.