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According to 4EExchange monitoring, all three major US stock indices fell on Friday. In the first trading week of September, the Nasdaq fell 5.77%, marking the largest weekly decline since January 2022; The S&P fell 4.25% and the Dow Jones Industrial Average fell 2.93%, both marking their largest weekly declines in a year and a half. The cryptocurrency market continues to plummet, with Bitcoin falling over 10.51% and Ethereum falling over 13.84% weekly. The non farm payroll job creation in the United States in August fell short of expectations, and after experiencing the recent stock market shock, the market is like a startled bird, and any shortcomings will be magnified. Despite market expectations that the Federal Reserve will initiate a rate cut cycle this month, the Federal Reserve's monetary policy committee has not explicitly announced a 50 basis point rate cut in September, which has disappointed the market. @gyihuhohuy @ftor26 0 reply
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