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MARKET RECAP – JUNE 29, 2023

Written By: Jenny Galeano Gamboa

June 29, 2023

STOCK MARKET

Dow Jones ended at $34,122.42 (+0.80%)

S&P 500 ended at $4,396.44 (+0.45%)

Nasdaq Composite ended at $13,591.33 (0.00%)

The stock market ended the day on a positive note following the reports of major banks passing the Federal Reserve’s stress test and the upward revision in GDP, which helped ease recession concerns. As a result, the Dow Jones Industrial Average and the S&P 500 experienced gains. Meanwhile, although the Nasdaq Composite did not join the upward trend, it remained unchanged.

CRYPTO MARKET

Bitcoin rose by 1.75% with a value of $30,603.54 as of 3:00 PM CST, as stated by Coin Metrics.

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