The downturn in the U.S. stock and cryptocurrency markets continues, this week's CPI and PPI data will set the tone for the Federal Reserve's decision

US Stock Market Declines Amid Weak Economic Data and Trump's Tariff Policy

US stocks experienced a volatile decline last week due to weak economic data and the impact of Trump's tariff policy. All three major indices closed lower:

• The Dow Jones fell 2.37% over the week.

• The SP 500 dropped 3.1%, marking its worst weekly performance since September last year.

• The Nasdaq declined 3.41%, falling for a third consecutive week and entering a correction zone with a 10% drop from its recent high.

Large-cap tech stocks struggled, with Nvidia’s market value shrinking by $1 trillion from its all-time high, while Tesla has fallen more than 46% from its peak.

Crypto Market Sell-Off Intensifies

The downturn in the crypto market deepened as Trump’s Bitcoin strategic reserve plan fell short of expectations, and the White House crypto summit lacked substantive developments, leading to further market disappointment.

• Bitcoin lost multiple key support levels, briefly dipping to $80,000, with a 7-day decline of nearly 12%. As of press time, BTC was trading at $82,150.

• Ethereum and other major cryptocurrencies saw even steeper declines, with overall market sentiment hitting a low point.

Market Uncertainty Weighs on Risk Assets

Trump's inconsistent tariff policies and lackluster nonfarm payroll data have added to market uncertainty, putting continuous pressure on risk assets. This week, investors will closely watch US CPI and PPI inflation data, which will be crucial in shaping the Federal Reserve’s interest rate decision on March 18-19.