4E: With the US election approaching, the US stock and crypto markets are generally lacking direction

According to 4E monitoring, only the Dow Jones Industrial Average fell among the three major U.S. stock indexes on Thursday. Affected by the financial reports of IBM and Honeywell, the Dow Jones Industrial Average fell 0.33% and fell for four consecutive days; the S&P 500 index closed up 0.21% and ended a three-day losing streak; Tesla closed up nearly 22%, supporting the Nasdaq and the optional consumption sector to lead the gains, with the Nasdaq rising as much as 0.8% during the session. Most cryptocurrencies rose. As of press time, Bitcoin rebounded to break through $68,000, up 0.9%, and Ethereum was at 2,513, down 1.5%. In the foreign exchange market, the U.S. dollar index fell about 0.4% on Thursday, bidding farewell to three consecutive days of gains and also departing from a nearly three-month high; as U.S. Treasury yields fell along with the U.S. dollar, gold prices rose sharply. Spot gold surged by $20.52, or 0.76%, approaching its all-time high again; the market was concerned that the slowdown in the European economy would be detrimental to oil demand, and reports that the United States and Israel would try to restart negotiations on a ceasefire in Gaza put pressure on oil prices. After rising by more than 2%, U.S. oil and Brent oil fell by more than 1%. A number of economic data released in October supported the market's bet on the Federal Reserve's regular 25 basis point rate cut in November. The current market is still focused on corporate earnings reports. So far, more than 32% of the companies in the S&P 500 index have announced third-quarter results, and according to statistics, 76% of the companies' results exceeded analysts' expectations. Despite the big news during the earnings season, the U.S. stock market as a whole is still lacking direction as the U.S. election approaches.