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At the beginning of this week, the US stock market showed a positive trend. At the opening, the Dow Jones Industrial Average rose by 0.31%, the S&P 500 index increased by 0.62%, while the Nasdaq Composite Index saw a significant rise of 0.99%.
At the same time, the dollar continued its decline from last Friday. This trend is primarily due to two factors: first, the market's growing expectation that the Federal Reserve may cut interest rates in September; second, investors have developed more doubts about the reliability of U.S. economic data.
However, despite a strong start in the stock market, some analysts believe that the overall performance of the US stock market today may not be too impressive. Particularly in the cryptocurrency market, although there are signs of a rebound, there are still opinions suggesting that this may be a short-term phenomenon, advising investors to remain cautious.
Overall, the current market presents a complex situation. The interactions between the US stock market, the US dollar, and the cryptocurrency market are worth investors' close attention. In this uncertain environment, investors need to remain vigilant and closely monitor various economic indicators and policy signals to make informed investment decisions.