ADDX GO Market Morning Wrap - 7th Mar
Go Wire
March 6, 2025
GoGPT Summarizes Articles
Stock Market
The three major stock indexes in New York's stock market declined. As of the close of the day, the Dow Jones Industrial Average fell 427.51 points compared to the previous trading day, closing at 42,579.08 points, a decrease of 0.99%; the S&P 500 Index fell 104.11 points, closing at 5,738.52 points, a decrease of 1.78%; the NASDAQ Composite Index fell 483.48 points, closing at 18,069.26 points, a decrease of 2.61%.
For the Indian market indexes: The Sensex closed at 74,340.09, up 0.83%; the NIFTY 50 closed at 22,544.70, up 0.93%.
For other Asian market indexes: The Nikkei 225 index closed at 37,704.93, up 0.77%. The Hang Seng Index (HSI) closed at 24,369.71, up 3.29%. The FTSE Bursa Malaysia KLCI Index (KLCI) closed at 1,558.91, down 0.35%. The Straits Times Index (STI) of Singapore closed at 3,917.06, up 0.48%. The IDX Composite Index of Indonesia closed at 6,617.85, up 1.32%.
Key Events
- 【The American lunar lander "Athena" landed on the moon but did not stand upright】
The lunar lander "Athena" developed by the American company Intuitive Machines landed on the moon at around 12:30 EST on the 6th local time. The company's CEO said that they believe "Athena" did not end up in an upright position. - 【OpenAI and Oracle accelerate the advancement of the Stargate project】
OpenAI and Oracle plan to start deploying hundreds of thousands of powerful AI chips from NVIDIA to a newly built large data center in Abilene, Texas, in the coming months. This is part of the launch and operation of the first facility of their $100 billion Stargate infrastructure project. - 【The European Union discusses an alternative to Starlink】
Eutelsat Communications SA, a French communications satellite company, has recently confirmed that as the United States reduces its support for Ukraine, the company is stepping up negotiations with the European Union on a project to replace SpaceX's Starlink.
Forex & Commodities
International oil prices rose on the 6th. As of the close of the day, the futures price of light crude oil for delivery in April on the New York Mercantile Exchange rose by $0.05, closing at $66.36 per barrel, an increase of 0.08%; the futures price of London Brent crude oil for delivery in May rose by $0.16, closing at $69.46 per barrel, an increase of 0.23%.
The international gold price rose on that day. COMEX gold futures rose by $0.06, an increase of 0.02%, closing at $2,926.6 per ounce.
Key Events
- 【The European Central Bank cuts interest rates by 25 basis points as expected again】Local time on Thursday, the European Central Bank announced a cut of 25 basis points to its three key interest rates. This is the fifth consecutive rate cut and the sixth rate cut since June last year.
Cryptocurrency
Bitcoin (#btc ) price: The latest price of BTC broke through to $90,138.32, with a 24-hour decline of 0.31%, and the trading volume was $17.65 billion.
Ethereum (#ethereum ) price: The latest price of ETH is $2,206.00, with a 24-hour decline of 1.19%, and the trading volume was $13.21 billion.
Key Events
- 【Countdown to Trump's Cryptocurrency Summit】On March 7, 2025, the White House will welcome the "Oscars night" of the cryptocurrency industry - the first Cryptocurrency Summit.
US President Trump will deliver a speech in person and discuss the future of the industry with industry giants such as Brian Armstrong, CEO of Coinbase, and Sam Bankman-Fried, founder of FTX.
Market Events and Most Anticipated Earnings Releases
#Market Morning Wrap#btc#ethereum