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MARKET RECAP – JULY 25, 2024

Written By: Jenny Galeano Gamboa

July 25, 2024

STOCK MARKET

Dow Jones ended at $39,935.07 (+0.20%)

S&P 500 ended at $5,399.22 (-0.51%)

Nasdaq Composite ended at $17,181.72 (-0.93%)

The stock market experienced mixed results as a result of a rotation in the market from megacap tech stocks to small-cap and cyclical areas, driven by changing market sentiment. Disappointing tech earnings reports put pressure on stocks like Advanced Micro Devices, Meta Platforms, Microsoft, and Alphabet, impacting the performance of the S&P 500 and Nasdaq indexes. Nevertheless, the Dow Jones Industrial Average managed to increase due to IBM’s surge.

CRYPTO MARKET

Bitcoin fell by 1.77% for the day, with a value of $64,700.00 as of 3:00 PM CST, as stated by Coin Metrics.

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