Consumer confidence weakens, reigniting economic worries; US stock market growth slows down; cryptocurrency market fluctuates upwards

Trump may relax tariff plans, which to some extent has eased the market's anxiety about a full-scale trade war, supporting the continued rebound of U.S. stocks.

On Tuesday, the three major U.S. stock indices rose slightly, continuing Monday's gains. The S&P 500 closed up 0.16%, the Dow Jones Industrial Average rose 0.01%, and the Nasdaq Composite Index rose 0.46%. Most large-cap tech stocks were up, with Tesla rising more than 3% for five consecutive days, accumulating a gain of 28%.

The cryptocurrency market fluctuated upwards; Bitcoin fell back after reaching a high of $88,765 on Monday but broke through $88k again last night showing strong upward momentum. At press time it was hovering above $87k with its increase in value over the past 24 hours narrowing to just under one percent (0.8%). All sectors of the market generally increased with Meme sector continuing to perform strongly.

Current market sentiment is optimistic; historically risk assets in Q2 - especially April - are usually among their best performing periods each year.

Last night’s announcement that US consumer confidence index for March was lower than expected and dropped to its lowest level in four years reflects consumers' concerns about economic prospects. Lackluster data significantly slowed down US stock growth momentum as all three major indices barely managed to close higher.
As April 2nd approaches – when reciprocal tariffs come into effect – markets are closely watching how related policies will affect economic growth and inflation.