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MARKET RECAP – APRIL 15, 2024

Written By: Jenny Galeano Gamboa

April 15, 2024

STOCK MARKET

Dow Jones ended at $37,735.11 (-0.66%)

S&P 500 ended at $5,061.82 (-1.20%)

Nasdaq Composite ended at $15,885.02 (-1.79%)

The stock market began the week with losses across all major indexes, as the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all fell. Rising Treasury yields, reaching their highest level since mid-November, heightened concerns among investors, overshadowing positive earnings reports from companies like Goldman Sachs and strong retail sales data. In addition, geopolitical tensions, following Iran’s attack on Israel, further dented market confidence and contributed to the overall decline. Moreover, the losses of over 1% reported by the Nasdaq and the S&P 500 were also due to the recent sell of in technology stocks, including Salesforce, which  dropped by more than 7% on reports of its potential acquisition of data management firm Informatica.

CRYPTO MARKET

Bitcoin fell by 1.33% for the day, with a value of $63,323.87 as of 3:00 PM CST, as stated by Coin Metrics.

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