The US dollar and Treasury yields continue to rise, the Dow Jones and S&P 500 have fallen for three consecutive days, with risk assets generally under pressure

According to monitoring, the three major US stock indices fell on Wednesday. Affected by the weak share prices of Apple and Nvidia, investors sold off technology stocks, chip stocks, and AI concept stocks, dragging down the Nasdaq index by 1.60%, leading the decline. The Dow Jones Industrial Average both fell about 1% for three consecutive days. The cryptocurrency market generally followed the U.S. stock market's decline with Bitcoin once approaching $65,000. As of press time, Bitcoin was reported at $67,300 up 0.36%, while Ethereum was reported at $2,550 down 2.43%.

In terms of foreign exchange commodities as elections approach investors are weighing a complete victory for Trump which is considered to be most beneficial for the dollar; hence Dollar Index rose more than 0.3% near a three-month high while yen euro pound all fell; spot gold pushed up to $2760 during intraday trading hitting a five-day historical high but then turned from rise to fall under pressure from rising dollar and U.S bond yields with spot gold falling 1.2% in late trading session and spot silver plummeting over 4% bidding farewell to its highest level in twelve years; last week’s EIA crude oil inventory increase exceeded expectations putting pressure on oil prices with WTI crude falling more than 1.3% ending two consecutive days of gains.

The Beige Book released by Federal Reserve on Wednesday showed that economic activity in United States has not changed much businesses have increased hiring inflationary pressures continue to ease With recent series of strong economic data being released expectations for Fed rate cuts have weakened plus "Trump Inflation" prompting market consideration about rate cut expectations especially next year's causing dollar and U.S bond yields continue rising suppressing risk assets such as equities commodities cryptocurrencies non-US currencies are generally under pressure.