4E: Tariff uncertainty makes the market cautious, and U.S. stocks are under pressure, and the crypto market fluctuates in a narrow range

On April 18, according to 4E monitoring, tariff uncertainty continued to weigh on U.S. stocks, and the three major indexes closed mixed on Thursday, with the Dow down 1.33%, the S&P 500 up 0.13%, and the Nasdaq down 0.13%. U.S. stocks will be closed on Friday for Good Friday. The three major stock indexes closed lower for the third consecutive week this week, with the Dow down 2.66%, the Nasdaq down 2.62%, and the S&P 500 down 1.5%. The crypto market fluctuated in a narrow range, with Bitcoin holding steady at $84,000 and Ethereum hovering below $1,600, with copycat market volatility narrowing. Investors remain cautious amid the uncertainty over tariff policy, with fears of decline in the derivatives market clearly outweighing expectations of upside. The European Central Bank continued to be accommodative, the Fed stuck to a wait-and-see attitude, and Trump slammed Powell's interest rate policy as "always too late and wrong" in a post on Thursday, bluntly saying that it was urgent to fire Powell. The market is concerned about whether Powell will adjust his policy in response to political pressure.