STOCK MARKET
Dow Jones ended at $40,829.59 (+1.20%)
S&P 500 ended at $5,471.05 (+1.16%)
Nasdaq Composite ended at $16,884.60 (+1.16%)
The stock market began the week on a very positive note because investors bought the dip following Wall Street’s worst week of the year. Additionally, technology shares, which were among the hardest hit stocks the previous week, were top performers today, contributing to the overall positive sentiment in the market. Furthermore, retailers, banks, and industrial shares also mounted a comeback, as investors believed that a rate cut would give a boost to the flagging consumer. This optimism led to a rebound in stock prices and a positive start for the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, with all three indexes posting gains of over 1%.
CRYPTO MARKET
Bitcoin rose by 4.98% for the day, with a value of $57,085.25 as of 3:00 PM CST, as stated by Coin Metrics.
