U.S. stocks closed lower on Monday (1/4) as investors prepared for a critical week featuring the upcoming U.S. Presidential election and the announcement of the Federal Reserve’s policy statement. A closely watched and highly accurate poll showed a shocking reversal in Iowa. Bitcoin briefly fell below 67K, while Ethereum dropped to around 2,350.
Accurate Poll Shows: Kamala Harris Leads Trump in Iowa
As the countdown to the 2024 U.S. Presidential election begins, a closely watched and highly accurate poll reveals a shocking reversal in Iowa. According to Fortune, the latest Des Moines Register/Mediacom Iowa poll conducted by Selzer & Co. shows that Kamala Harris is leading Trump by 47% to 44% in Iowa.
Since Obama in 2012, Democrats have never won Iowa. The potential flip has boosted the morale of the Democratic party, and some experts interpret this situation as a potential indicator for nearby Wisconsin.
U.S. Stocks Close Lower, Nvidia Set to Replace Intel in the Dow Jones Index
U.S. stocks closed lower on Monday (1/4), as investors prepared for a critical week, including the upcoming U.S. Presidential election and the announcement of the Federal Reserve’s policy statement. Owing to the ongoing tug of war between the two parties, the election results may be delayed until after the Fed meeting, adding more uncertainty to the market.
Chip giant Nvidia (Nvidia) rose 2.13%. Nvidia is set to replace Intel (Intel) in the Dow Jones Index on 11/8. Meanwhile, Intel’s stock price fell by 2.28%, weighing on the Dow Jones Index.
(Intel’s stock price has fallen nearly 60%, laying off and splitting business, and may be kicked out of the Dow Jones Index)
Bitcoin Drops to 67K, Ethereum Drops to 2,350
Trump’s trade retreat, Bitcoin at the end of October once soared to 73,620 dollars, just a step away from its all-time high, but yesterday it fell to 66,835 dollars due to poll results and election uncertainty.
(Bitcoin soared to 73,620 dollars, just a step away from its all-time high)
Ethereum fell further to around 2,350. The recent weak performance of Ethereum has also undermined the confidence of the community.
(Ethereum developers discuss development dilemma, revealing that Ethereum has gone off track)