STOCK MARKET
Dow Jones ended at $39,169.52 (+0.13%)
S&P 500 ended at $5,475.09 (+0.27%)
Nasdaq Composite ended at $17,879.30 (+0.83%)
The stock market began the month on a positive note due to the continuation of strong momentum from the first half of 2024, driven largely by gains in the technology sector. Tech giants like Microsoft, Alphabet, and Nvidia, the latter buoyed by increasing excitement around artificial intelligence, helped lift the markets. Additionally, investor optimism about AI’s potential to boost productivity and spur technological advancements further supported market sentiment. Despite some pressures, such as rising Treasury yields and challenges in specific sectors like cruise operators affected by a hurricane, the broader market maintained its upward trajectory, fueled by these positive factors. As a result, the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 all increased.
CRYPTO MARKET
Bitcoin rose by 1.92% for the day, with a value of $63,105.83 as of 3:00 PM CST, as stated by Coin Metrics.
