4E: Walmart's earnings warning drags down US stocks, while the crypto market rebounds

Odaily Planet Daily News: Walmart's performance guidance was lower than market expectations. As an important indicator of US consumer spending, its signal of slowing growth has triggered investors' concerns about stagnant consumer spending. According to 4E monitoring, the three major U.S. stock indexes closed lower on Thursday. Walmart's stock price plummeted 6.53%, dragging the Dow Jones Industrial Average down 1.01%, marking its biggest one-day drop in nearly five weeks; the S&P 500 fell 0.43% and the Nasdaq fell 0.47%. Large technology stocks were generally under downward pressure. The crypto market has been sluggish since February, and pessimism was once prevalent. However, after falling as low as $93,000 on Tuesday, Bitcoin prices continued to rebound as the market seemed to gradually digest the impact of Trump's tariff policy and optimistic expectations that the Russia-Ukraine conflict might be resolved. As of now, Bitcoin is trading at $98,146, up 1.2% in the past 24 hours. The altcoin market also showed signs of recovery, especially the newly launched coins that generally saw a significant increase, and market sentiment improved significantly. In terms of foreign exchange commodities, affected by the tariff plan and economic data, the US dollar index fell by 0.7%; the decline in US fuel inventories and the weakening of the US dollar provided support for oil prices, which rose for three consecutive days; the safe-haven demand pushed spot gold to a record high of US$2,954 at one point, and then the increase narrowed to 0.22%. U.S. stocks retreated from record highs on Thursday as weak retail earnings reports and U.S. unemployment claims data heightened market concerns about declining consumer confidence and the impact of tariff policies on the economy. Traders generally remained cautious. As a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange, 4E recently launched a USDT stablecoin wealth management product with an annualized yield of 8%, providing investors with a potential safe-haven option. 4E reminds you to pay attention to market volatility risks and allocate assets rationally.