Market Brief 28 March, 2025
Good evening, investors and traders! The markets are experiencing a volatile day, with the S&P 500 Index (GSPC) down by -2.03% to 5,574.52 and the Nasdaq 100 Index (NDX) down by -2.7% to 19,261.03. President Trump's proposed tariffs on imported cars are causing significant uncertainty in the market, with automakers like General Motors and Ford experiencing significant drops in share prices. The US PCE inflation data released today showed an acceleration in February, further fueling concerns about inflation and its impact on the economy. The SEC has closed its investigation into Crypto.com without taking any enforcement action, signaling a potential shift in the regulatory environment for cryptocurrencies. Meanwhile, Grayscale has filed for an Avalanche ETF with Nasdaq, joining the growing trend of altcoin funds.
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