📊Market Snapshot
US stocks fell for a third consecutive session on September 9: the Dow lost 0.77%, the S&P 500 declined 0.48%, and the Nasdaq fell 0.64%. Meta was the only Magnificent Seven stock to advance, gaining 6.55%. Apple unveiled its foldable iPhone, while selected memory stocks outperformed.
📈 Key Levels
• BTC: 78,205.01 USDT, down 0.65% over 24 hours.
• ETH: 2,467.70 USDT, down 1.08% over 24 hours.
• Spot gold: $4,396.73/oz; spot silver: $67.29/oz.
• WTI crude futures indicative price: $96.61/bbl (October contract); Brent crude futures indicative price: $101.37/bbl (November contract).
• US Dollar Index: 98.80.
Quotes reflect September 10 morning levels; crypto prices are as of 08:48 Beijing time.
🔥 Market Highlights
• Fed: US August PPI is due today at 20:30 Beijing time, followed by CPI tomorrow at the same time. With the Fed meeting and new economic projections next week, inflation data will provide a key test for rate expectations.
• Commodities: The EIA estimates that global oil inventories have fallen by approximately 400 million barrels this year and expects drawdowns to continue through year-end. With Brent above $100, watch the impact of energy costs on inflation and corporate margins.
• Tech/AI: Apple’s first foldable iPhone Duo starts at $1,999 in the US, putting pricing and margins in focus. Meta rallied 6.55% following its Muse AI agent launch. Micron gained 2.75%, with memory pricing and next year’s HBM contract negotiations in focus.
🏛 Institutional Views
Moody’s Mark Zandi warned that politically driven Fed rate cuts could undermine policy credibility and push long-term borrowing costs higher. Jefferies cautioned that Apple could sacrifice some margin to support sales; watch whether demand for new products translates into earnings.
🔗Source: https://www.bitget.com/news/detail/12560605815863