The VIX index of fear closed down 23.79%. Bitcoin made a Vshaped reversal, plunging 10% and falling below the 93,000 mark, before rebounding by more than $5,000.
As of the close, the Dow Jones Industrial Average rose 1.18%, the S&P 500 rose 1.09%, and the Nasdaq rose 1.03%, but the three major indexes still recorded weekly declines this week. The Dow Jones Industrial Average fell 2.25% this week, the largest weekly drop since late October; the S&P 500 fell 1.99%, and the Nasdaq fell 1.78%, both of which were the largest weekly declines in a month.
The U. stock market's counterattack was due to the reemergence belgium phone number list of signs of cooling inflation, dovish remarks from the thirdhighestranking official of the Federal Reserve, and Buffett's increase in holdings during the sharp drop in U. stocks.
The U. PCE increased by 2.4% yearonyear in November and increased by 0.1% monthonmonth; the core PCE, "the Federal Reserve's favorite inflation indicator," increased by 0.1% monthonmonth, the smallest increase in nearly six months, which was lower than Wall Street expectations. The mild inflation data will not have a negative impact on the Fed's interest rate cut.