This week, US stock indices, including the S&P 500 and Dow Jones, reached three-month highs, primarily due to positive employment data.
Surge in US Stock Indices
At the end of the trading week, major US indices, such as the S&P 500 and Dow Jones, reached three-month highs. This growth was primarily driven by an improvement in the non-farm payrolls data, easing economic concerns. Technology stocks, especially Tesla, demonstrated a significant recovery following previous declines.
Market Reactions
Despite positive market shifts, US stock funds experienced continuous capital outflows. Investors remain cautious amidst potential changes in US trade policy. Financial expert Tom Lee noted, 'The ongoing outflows reflect a cautious stance amid policy uncertainty.' The financial community's reactions have been mixed; while some investors express optimism, caution persists due to policy risks.
Cryptocurrency Market Insights
Historical data shows that after achieving 5% or more growth in May, the S&P 500 generally sees additional gains in June, with an average increase of 1.2%. Bitcoin (BTC) is currently valued at $105,507.85 with a market cap of $2.10 trillion and a dominance of 63.69%. Over the past 60 days, BTC's price has risen by 32.51%. According to Coincu's research team, the sustained rally in the US stock market may prompt cautious optimism.
The current market situation highlights the importance of careful analysis of economic data and political changes impacting both the stock and cryptocurrency markets.
