Introduction: On March 5, Eastern time, a series of amazing events occurred in the financial markets, and before Federal Reserve Chairman Jerome Powell's congressional testimony, large technology stocks once again **, driving the overall US stock market**. A fire broke out at Tesla's German factory, causing the factory to shut down, and the stock price was sharply**. Bitcoin has experienced a new high in a short period of time, causing nearly 320,000 people around the world to be liquidated. These events will be described and analyzed in detail in this article.
On March 5, Eastern time, before Federal Reserve Chairman Jerome Powell's congressional testimony, large technology stocks were once again **, triggering panic in the market. At one point, the Nasdaq** was above 2%, and the Dow Jones was down more than 400 points. The fire at Tesla's German factory cast a shadow over the market, and Tesla's stock price fell sharply in a short period of time, falling more than 5% at one point.
Investors' anxiety is becoming more pronounced as Fed Chair Jerome Powell is about to testify before Congress. The market is quite worried about the future direction of the US monetary policy, especially when the important non-farm payrolls data is about to be released, and market expectations have triggered investors' speculation and speculation about the market trend. This uncertainty has caused investors to adjust their structure, resulting in significant volatility.
On March 5, Eastern time, large technology stocks led the decline in U.S. stocks again, causing market unease. Among the "Big Seven" group of tech, Apple, Amazon, Microsoft, Google's parent company alphabet incămetaplatformsinc.and Tesla and other companies' stock prices have **, collectively evaporating $233 billion in market value. Apple Inc. stock price**284, Amazon Inc.** nearly 2, Microsoft Inc** nearly 3, and Tesla once fell more than 5%.
Market analysts say it is not surprising that such a collective of "narrow leadership" companies is not surprising. With the recent frequent renewal of all-time highs, the stock prices of some companies have seen significant fluctuations. Investors are starting to focus on companies with more reasonable valuations, which has led to a new round of reshuffle in the market. Although this market adjustment has brought some uncertainty in the short term, it has also brought some opportunities for the healthy development of the market.
On March 5, Eastern time, a fire broke out at Tesla's German factory and the factory was forced to suspend production, and the news spread rapidly, causing Tesla's stock price to soar. It is reported that the fire was started by a high-voltage tower**, and the entire plant area was without power as a result. Tesla Inc. urgently notified employees to evacuate the factory to ensure the safety of personnel.
The local authorities in Germany launched an investigation into the disaster, and suspected that someone might have deliberately set the fire. **Squadrons, drones and service dogs were dispatched to investigate the scene of the fire to find out the cause of the incident. A spokesperson for Tesla Inc. said it was not yet possible to determine when the factory would be able to resume normal production. Tesla CEO Elon Musk expressed disappointment at the fire, calling it "extremely stupid" to block the production of electric vehicles.
On March 5, Eastern time, Bitcoin** experienced a period of crazy volatility. Bitcoin first broke through 6$90,000, a record high, but then ushered in a sharp **, once down more than 10%. Currently, Bitcoin** is sitting around $63,851.
According to Coinglass statistics, as of now, nearly 320,000 people around the world have been liquidated due to Bitcoin. This huge number has raised questions and concerns about cryptocurrencies in the market. As a highly volatile digital currency, Bitcoin has always attracted much attention from the market, and its volatility is risky for investors. This sharp fluctuation is also another reminder that investors need to be cautious about market volatility when investing in cryptocurrencies.
Summary: Fluctuations in the financial market are inevitable, and investors should remain vigilant and calm about changes in the market, and adjust their investment strategies in a timely manner. Both the tech stock boom and the Tesla factory fire sent shockwaves through the market, reminding us to diversify and not rely too heavily on one category or asset. Cryptocurrencies such as Bitcoin are highly volatile, and investors need to pay attention to risk control and avoid blindly following the trend when choosing investment targets. In the face of market fluctuations, thinking calmly and accurately grasping the pulse of the market is an important guarantee for investors to invest steadily.