The three major US stock indices rose, the Fed indicated that there is still room for interest rate cuts, and Bitcoin rebounded to 103K.

U.S. stocks rebounded and closed higher on Wednesday, with the market focusing on the Supreme Court's hearing of Trump's tariff case and the ADP employment report. The Federal Reserve (FED) indicated that there is still room for interest rate cuts. The Dow Jones Industrial Average rose more than 225 points, with the three major indices achieving their largest single-day gain since the end of October. AMD led the gains, driving AI concept stocks higher. The crypto assets market rose 2.8% in the past 24 hours, with Bitcoin slightly rebounding to 103K and Ether also recovering to $3,405.

The labor market is warming up, and the Fed has signaled that there is still room for rate cuts.

The US ADP reported that 42,000 private sector jobs were added in October, far exceeding the market estimate of 28,000, marking the largest increase since July of this year, indicating that corporate hiring activities have started to warm up. However, due to the US government shutdown causing interruptions in official statistics, this private data has become a major reference for the market and may influence the Federal Reserve's interest rate assessment.

The Federal Reserve Governor Milan stated that inflation has fallen below expectations, the labor market remains robust, and continuing to lower interest rates is still a reasonable direction, clearly adopting a dovish stance.

The Supreme Court opens hearings on Trump's tariff case, examining presidential trade powers.

The U.S. Supreme Court held arguments on Wednesday regarding the high tariffs implemented during Trump's administration, focusing on whether the president possesses excessively expansive executive powers in trade decisions. Several conservative justices raised questions to Trump's legal team, leading to widespread expectations that the likelihood of Trump winning the case is low. The court is expected to make a ruling within weeks, which could have significant implications for future presidents exercising foreign trade powers.

AMD leads the AI sector, tech stocks fully rebound.

AI concept stocks are all performing strongly, with AMD leading the charge and heating up the atmosphere in the tech sector. Regarding the performance of the five major tech giants:

Meta (META-US): Pump 1.38%

Apple (AAPL-US): pump 0.04%

Alphabet (GOOGL-US): Rebound 2.44%

Microsoft (MSFT-US): up 1.39%

Amazon (AMZN-US): up 0.35%

Trends in the Semiconductor and AI Sectors:

AMD (AMD-US): pump 2.51%

Broadcom (AVGO-US): pump 2.00%

Qualcomm (QCOM-US): up 3.98%

NVIDIA ( NVDA-US ): down 1.75%

Overall, the AI sector has shown a strong rebound, and the atmosphere for technology stocks is clearly warming up.

The crypto market has stopped falling and rebounded slightly, with Bitcoin and Ether both showing small rebounds.

Despite Bitcoin dropping to 98 K in the past 24 hours, leading other coins to weaken simultaneously, market sentiment once fell into a slump, with the Fear and Greed Index dropping to “Extreme Fear” at 20 points. However, as of today, the index has rebounded to 24, and the overall market capitalization of Crypto Assets has also rebounded by about 2.8%, indicating that market sentiment is gradually stabilizing.

Bitcoin has also rebounded from 98K to 103K, while Ether has risen from yesterday's low of 3,165 USD to the current 3,383 USD. This may be related to the market's belief that the Federal Reserve (FED) is unlikely to raise interest rates again in the short term, leading to a return of funds to risk assets, including Crypto Assets and tech stocks.

This article states that the three major US stock indexes are all up, the Fed indicates there is still room for interest rate cuts, and Bitcoin has rebounded to 103K, which first appeared in Chain News ABMedia.