---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/28127492.md"
description: "Last Friday's latest data showed a sharp drop in consumer confidence, expectations of interest rate cuts heated up, and US Senate Democratic leader Chuck Schumer stated that he would not block the Republican's stopgap spending bill, helping the US government temporarily avoid a shutdown. The three major US stock indices rebounded strongly, especially the Nasdaq, which rose 451 points to close at 17,754 points, a gain of 2.61%. But could this just be a dead cat bounce? Let's wait and see. Additionally, Hong Kong stock futures rose 148 points overnight. Now, apart from "the East rises while the West declines," Hong Kong stocks have been following the rise but not the fall, so could 25,000 points be just around the corner? 💪💪💪$Hang Seng Index(00HSI.HK)$NASDAQ Composite Index(.IXIC.US)$Tesla(TSLA.US)$BABA-W(09988.HK)"
datetime: "2025-03-17T00:50:48.000Z"
locales:
  - [en](https://longbridge.com/en/topics/28127492.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/28127492.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/28127492.md)
author: "[Lu Lu](https://longbridge.com/en/profiles/7293241.md)"
---

# Last Friday's latest data showed a sharp drop in c…


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