【September 1 Global Market News and Data Analysis】
1. U.S. stocks closed higher in storage and the Neocloud segment led the way:
#GLXY rose nearly 6%, SanDisk gained 5.5%. Crypto-related stocks saw broad-based gains, with Circle up nearly 10%;
2. Trump has boasted that U.S. GDP growth could reach 20%, and he calls for the Federal Reserve to cut rates;
3. So far this year, the number of days that 30-year U.S. Treasury yields have closed above 5% has hit the highest level since 2006;
4. The probability for
#fomc 9 to raise rates by 25 basis points is currently reported at 67.9%.
All three major U.S. stock indexes fell in sync. The Dow, S&P 500, and Nasdaq each retreated by about 0.7%, 0.33%, and 0.12%, respectively, leaving the market under overall pressure. Within sectors, performance was mixed: storage and semiconductors were relatively strong—SanDisk, Micron, and others led the rally—while Western Digital and Seagate weakened. Neocloud and optical communications segments showed clear internal divergence. In contrast to the broader market, crypto-coin related stocks generally rose across the board; Circle, BitMine, Coinbase, and others posted top gains. Meanwhile, the number of days that 30-year Treasury yields stay above 5% reached a record since 2006. Fiscal deficits and a wave of corporate bond issuance keep the market cautious about the outlook for the coming weeks.
From the crypto market perspective, amid tighter macro conditions,
#BTC still managed to hold above $77.1k. Although hawkish remarks pulled it back from the $81k peak, buying interest was driven more by spot and ETFs rather than leverage. Last week, net inflows into BTC spot ETFs totaled nearly $1 billion, and Ethereum products also registered consecutive days of net inflows, suggesting stronger fund resilience. However, PCE inflation and the high deficit have lifted the probability of September rate hikes to 57%. Elevated yields are likely to continue suppressing risk appetite, limiting near-term upside. If the subsequent inflow momentum can be sustained, that would indicate crypto market demand remains solid.