4E: "Tariff Delay" Fake News Triggers US Stock Shock, Nasdaq Commits Up, Crypto Market Rebound
On April 8, according to 4E monitoring, the US stock market opened sharply on Monday. Affected by the false news of "tariff delay", the index fluctuated widely. The maximum amplitude of the Nasdaq index was nearly 10%. The US stock market rallied collectively for a while, and fell again after the news was falsified. Before the close, Trump said that he was not considering suspending the imposition of tariffs, and said that many countries were coming to negotiate with the United States. As of the end of the day, the three major indexes were mixed, with the Dow down 0.91%; the S & P 500 fell 0.23%; the Nasdaq index closed up 0.10%, ending two consecutive losses. The seven major US technology stocks index rose about 0.2%.
The crypto market rebounded, Bitcoin yesterday led the decline in Asian trading, falling to a low of $74508 at a minimum. In the evening, the rumor of "tariff delay for 90 days" promoted BTC to break through the $81,000 quickly, but the news fell back after being falsified. Before the deadline, Bitcoin fluctuated above the $80,000, rising 2.8% in 24 hours, and other counterfeit products generally rebounded sharply. In the violent market turmoil, ETH was particularly vulnerable. It fell to $1411 yesterday, leading the decline and the market value accounted for a year low. In the current rebound, the increase is also obviously lagging behind, and the market has deepened doubts about its long-term competitiveness.
Trump's tariff policy has triggered a global series of countermeasures and a sharp shock in financial marekt. Investors expect the Federal Reserve to come to the rescue, but the current inflationary pressure is high, unless the market or the economy is in a serious crisis, the possibility of emergency intervention by the Federal Reserve in the short term is low.