STOCK MARKET
Dow Jones ended at $42,208.22 (+0.20%)
S&P 500 ended at $5,732.93 (+0.25%)
Nasdaq Composite ended at $18,074.52 (+0.56%)
The stock market continued on an upward trend despite a weak consumer confidence reading because of a sharp rise in Nvidia and other chip stocks. Additionally, China’s stimulus efforts to stoke economic growth and optimism about lower rates from the Federal Reserve driving economic growth and boosting profits also contributed to the positive market performance. Consequently, the Dow Jones Industrial Average, the Nasdaq Composite and the S&P 500 all increased. Overall, solid monthly gains and positive performance from key stocks have helped to drive the stock market to fresh record highs. Nevertheless, it is worth noting that investors are still cautious about geopolitical instability and a potential economic slowdown, which has helped to keep the “wall of worry built” and prevent overconfidence in the market.
CRYPTO MARKET
Bitcoin rose by 1.45% for the day, with a value of $64,306.82 as of 3:00 PM CST, as stated by Coin Metrics.
