U.S. Markets Tumble as Tariff Fears and Recession Worries Mount

The U.S. stock market and cryptocurrency market both experienced declines on Tuesday, as concerns about tariff policies and economic recession intensified. Consumer confidence in the U.S. fell to its lowest level in over three years in February, while President Trump reiterated his plans to impose tariffs on Canadian and Mexican imports after a temporary deferral period. This news, coupled with a recent report by Goldman Sachs indicating that hedge funds are withdrawing from U.S. tech and media stocks at a rapid pace, contributed to the market's decline.

The U.S. stock market saw more declines than gains on Tuesday, with the Dow closing up 0.37%, the S&P 500 down 0.47%, and the Nasdaq dropping 1.35%. Large-cap tech stocks, such as Tesla and Nvidia, experienced significant declines. In the crypto market, Bitcoin and Ethereum both fell to their lowest levels in recent weeks, while SOL experienced a nearly 50% decline in the past month. Bitcoin spot ETFs saw a net outflow of $774 million, marking six consecutive days of net outflows. The fear and greed index dropped to 21, reaching a new low since September last year.

In the commodities sector, the U.S. dollar index fell by 0.2% due to weak consumer confidence data, nearing a two-month low. Oil prices dropped by over 2% amid concerns about the demand outlook and potential peace talks with Russia. Gold investors took profits, causing spot gold to fall by over 1.2%.

A series of recent weak economic data suggests that the U.S. economy may be entering a recession. The S&P and Nasdaq have both fallen for four consecutive days, intensifying market worries about declining consumer confidence and the economic impact of tariff policies. Traders are maintaining a cautious stance, awaiting more economic data and policy guidance. As a financial trading platform, eeee.com recently launched a USDT stablecoin financial product with an annualized yield of 8%, providing investors with a potential hedging option. However, investors should be aware of market volatility risks and allocate their assets reasonably.