4E: With the US election approaching, the US stock and crypto markets are generally lacking direction

On October 25th, according to 4E monitoring, only the Dow Jones index fell among the three major indexes of US stocks on Thursday. Dragged down by IBM and Honeywell's financial reports, the Dow fell by 0.33% for four consecutive days; the S&P 500 index rose by 0.21%, ending its three-day decline; Tesla's rise of nearly 22% supported the Nasdaq and optional consumer sectors, with the Nasdaq rising more than 0.8% at its highest point. Most cryptocurrencies rose, with Bitcoin rebounding to over $68,000, up 0.9%, and Ethereum reporting $2,513, down 1.5% at the time of writing.

In the foreign exchange and bulk commodity markets, the US dollar index fell by about 0.4% on Thursday, ending its three-day rise and also departing from its new high in nearly three months; as US Treasury yields and the US dollar fell together, the gold price rose sharply. Spot gold rose by $20.52, up 0.76%, approaching its historical high again; the market is concerned that the slowdown in the European economy is unfavorable for oil demand, and reports that the United States and Israel will try to restart talks on a ceasefire in Gaza have put pressure on oil prices, with US oil and Brent oil rising more than 2% before turning down more than 1%.

Multiple economic data released in October support the market's bet on the Federal Reserve's routine 25 basis point rate cut in November. The market is still focused on corporate earnings reports. So far, more than 32% of the constituents of the S&P 500 index have released their third-quarter results, and according to statistics, 76% of these companies' performance has exceeded analysts' expectations. Despite the continuous news of earnings reports, with the US presidential election approaching, the US stock market as a whole is still in a directionless state. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. Recently, it has launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing potential hedging options for investors. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.