On August 1st, the US stock market opened with a falling trend, with major indices showing varying degrees of decline. The Dow Jones Industrial Average fell 371 points, the S&P 500 index dropped by 0.99%, and the Nasdaq Composite index decreased by 1.3%. This trend is related to the significant downward revision of the latest non-farm payroll data, raising concerns among investors about the economic outlook.



It is worth noting that technology giants have shown varying performances. Apple's stock price rose 1.7% against the trend, thanks to its third-quarter report showing growth in both revenue and profit. In contrast, Amazon's stock price fell 7%, primarily due to its cloud computing business's growth rate significantly lagging behind competitors, disappointing investors.

The cryptocurrency market has also been affected by this volatility. The prices of major cryptocurrencies such as Bitcoin, Ethereum, and Solana have fluctuated, reflecting investors' cautious attitude in the current economic environment.

At the same time, the Nasdaq Golden Dragon China Index fell by 1.9%, indicating that Chinese concept stocks were also not spared from this round of market adjustment. This phenomenon may be related to global economic uncertainty and changes in China-US relations.

Overall, the market opening performance reflects investors' sensitive reactions to economic data and differentiated views on the prospects of different industries and companies. In the current complex economic environment, the market may continue to remain volatile, and investors need to closely monitor various economic indicators and company performance reports.
BTC-1.04%
ETH-3.49%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Share
Comment
0/400
Rugpull幸存者vip
· 08-01 14:51
Another big dump day market
View OriginalReply0
SandwichTradervip
· 08-01 14:49
Holding coins through the winter is really difficult.
View OriginalReply0
MemecoinResearchervip
· 08-01 14:47
Market just needs coffee
Reply0
AirdropNinjavip
· 08-01 14:43
Bearish on buying virtual coins
View OriginalReply0
JustHereForMemesvip
· 08-01 14:42
Bullish on apple and bearish on flax.
View OriginalReply0
GasBankruptervip
· 08-01 14:34
Again see big dump buying opportunity
View OriginalReply0
DegenDreamervip
· 08-01 14:30
Another Bear Market signal.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)