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According to monitoring, U.S. stocks opened lower on Thursday local time and the decline widened, with tech stocks, semiconductor stocks, and AI concept stocks collectively falling. Despite the "Big Seven Tech" companies showing excellent revenue and profits, the market was disappointed with their performance guidance considering the current stock price and valuation levels, leading to a sharp decline across the board. The Nasdaq fell by 2.76%, marking the biggest drop in nearly two months and ending October down 0.52%, breaking two months of consecutive gains; the Dow closed down 0.90%, with a cumulative decline of 1.34% in October, halting five months of consecutive gains; the S&P 500 fell 1.86%, ending October down 0.99%, also breaking five months of consecutive gains. The crypto market collectively plummeted under the influence of the U.S. stock market. As of the time of writing, Bitcoin fell below the $70,000 mark, trading at $69,851, down 3.18%, after gaining nearly 10% in October due to intensifying Trump trades. Ethereum fell 5.1%, trading at $2,516, with a cumulative decline of 4.28% in October. The U.S. Dollar Index fell below 104 on Thursday, closing down 0.2%, but accumulated about a 3.1% rise in October. Dovish comments from the Bank of Japan weakened, leading the Japanese yen to rise 1%, with a cumulative increase of 5.86% in October. Inflation in the Eurozone in October accelerated more than expected, strengthening the European Central Bank's reason to be cautious about cutting rates, with the euro strengthening by 0.26%, although it fell 2.25% for the month. The British pound against the U.S. dollar fell 0.51%, with a cumulative drop of 3.55% in October. International crude oil prices continued to rise due to the potential escalation of tensions in the Middle East, with WTI crude oil at one point rising over 2%, and Brent crude closing up 1.87%, accumulating about a 2.38% rise in October. Safe-haven demand ahead of the U.S. presidential election drove gold prices to continuously reach new highs for four consecutive months, with spot gold gaining about 4.2% in October. The latest data shows that U.S. September PCE inflation rose 2.1% year-over-year, meeting expectations. The market is now focusing on the U.S. nonfarm payrolls report for October to be released tonight. The general market expectation is that the number of new nonfarm jobs added in October will slow significantly due to temporary unemployment caused by hurricanes and strikes. It is worth mentioning that the jobs report will be released this Friday, just four days before the U.S. presidential election. If the data is extremely weak, it could impact the election and increase market volatility.