STOCK MARKET
Dow Jones ended at $43,870.35 (+1.06%)
S&P 500 ended at $5,948.71 (+0.53%)
Nasdaq Composite ended at $18,972.42 (+0.03%)
The stock market witnessed gains across all major indexes, including the Dow Jones Industrial Average and the S&P 500, as investors poured into cyclical stocks tied to an accelerating economy. They rotated out of technology shares such as Nvidia, which reported quarterly earnings. Winners included bank stocks, industrials like Caterpillar, and retailers like Home Depot. The Russell 2000 Index, which represents small companies, also saw gains. Moreover, although some technology stocks, like Amazon and Alphabet, declined due to concerns like antitrust fears, the Nasdaq Composite managed to end on the positive side. Furthermore, investors should note that the ongoing “tug-of-war” between bulls and bears is expected to fuel potential volatility in the market.
CRYPTO MARKET
Bitcoin rose by 4.21% for the day, with a value of $98,363.30 as of 3:00 PM CST, as stated by Coin Metrics.
