US Stocks Dip on EU-US Trade Deadlock, Bitcoin Falls 2%

On April 16, the US stock market experienced a slight decline due to the deadlock in EU-US trade negotiations, which caused investor caution. The Nasdaq fell by 0.05%, the S&P 500 by 0.17%, and the Dow by 0.39%. Tech stocks showed divergence, with the Big Seven Index falling by about 0.4%.

The cryptocurrency market also weakened, with Bitcoin dropping from $86,496 to $83,670, a nearly 2% decrease in 24 hours. Ethereum broke below $1,600, down 2.2%. The altcoin market generally fell, with the Meme and AI sectors leading the decline. Despite the recent intense volatility in the financial markets, Bitcoin has held steady above eighty thousand, demonstrating strong resilience.

In terms of major commodities, the weakness in the US dollar index has somewhat eased, rising by 0.59% to return above the 100 mark. Crude oil prices remained basically flat compared to the previous day. Trade uncertainty has favored safe-haven assets, with London Gold surging by 1.32% to $3,272, with a year-to-date gain of over 23%.

The shadow of the trade war continues to loom over the market, with the uncertainty of Trump's tariff policy intensifying global economic slowdown concerns. The EU-US negotiation deadlock has further increased market uncertainty. The US stock earnings season has begun, with several large companies set to report earnings this week, which may further exacerbate market volatility.