Thursday Market Overview

On Thursday, U.S. stocks opened lower, with a slight decline after a high start. The Dow Jones fell for the fourth consecutive day, down 0.36%. The S&P 500 dropped 0.22%, and the Nasdaq slipped 0.16%, all experiencing a 'five-day losing streak'.

There was a divergence among large tech stocks, with Tesla suffering poor deliveries, accumulating a drop of over 18% in five days.

The cryptocurrency market rebounded collectively, with funds returning after the dual holidays. Bitcoin rose from a year-end low of 92,000 to around 97,000, increasing over 2.1% in 24 hours. Altcoins showed signs of recovery, while AI agent concept coins rose before falling back.

Bitcoin spot ETF saw a net inflow of $84 million, while BlackRock's products experienced a net outflow of about $330 million in Bitcoin.

In the forex market, the dollar index rose over 1% on its first day, hitting a new high, while non-dollar currencies fell. Oil prices increased by over 2.8% due to rising oil demand;

Geopolitical risks heightened, and uncertainty was high ahead of Trump's inauguration, causing gold to reach a two-week high, rising nearly 1.4%.

U.S. initial jobless claims data showed strong employment resilience, leading investors to downplay the possibility of a rate cut in January. Key economic data will be released next week, and negative data could trigger a market correction.