4E: Trump's Tariff Tweaks Boost Market, US Stocks and Crypto Market Rebound in Unison

BlockBeats News, March 6th: The Trump tariff policy has been adjusted, with the Mexican auto tariffs delayed for one month, and the willingness to consider more tariff exemption requests. Trade tension may ease, boosting market sentiment. According to 4E Monitor, on Wednesday, US stocks reversed the previous two days' decline and rebounded significantly. The technology and automotive sectors led the gains, with the S&P 500 closing up 1.12%, the Dow up 1.14%, and the Nasdaq up 1.46% at the close. Large-cap tech stocks generally rose, with Microsoft leading the gains at 3.19%.

The crypto market rebounded across the board. With the influence of the US stock market and the White House crypto summit approaching, the market expects further clarity on crypto policies such as the Bitcoin reserve plan. Bitcoin surged above the key level of $91,000, reaching a high of $91,903, up 4.8% in 24 hours, while Ethereum reclaimed the $2,200 level, rising 4.59% in 24 hours. Various sectors of the market saw a widespread rebound, with gains ranging from about 2% to 8%, lifting market sentiment.

The Federal Reserve Beige Book shows that since mid-January of this year, overall economic activity in the US has slightly increased, but consumer spending has decreased overall, further confirming the uncertainty of the US economic outlook. Economic data is mixed, with rising recession risks, and the market expects the Fed to cut rates by over 70 basis points before the end of the year.