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MARKET RECAP – MAY 11, 2023

Written By: Jenny Galeano Gamboa

May 11, 2023

STOCK MARKET

Dow Jones ended at $33,309.51 (-0.66%)

S&P 500 ended at $4,130.62 (-0.17%)

Nasdaq Composite ended at $12,328.51 (+0.18%)

The stock market saw mixed performances, with two major indexes experiencing losses. The Dow Jones Industrial Average and the S&P 500 decreased due to concerns about Disney’s financial performance, which put pressure on its shares, as well as concerns about regional banks. On the contrary, Nasdaq Composite experienced gains.

CRYPTO MARKET

Bitcoin fell by 2.82% with a value of $26,840.00 as of 3:00 PM CST, as stated by Coin Metrics.

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