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MARKET RECAP – APRIL 18, 2024

STOCK MARKET

Dow Jones ended at $37,775.38 (+0.06%)

S&P 500 ended at $5,011.12 (-0.22%)

Nasdaq Composite ended at $15,602.50 (-0.52%)

The stock market witnessed mixed performances, with the S&P 500 and the Nasdaq Composite continuing with their falling trend. This was due to the continuous decline in technology shares, which led  both indexes to experience their longest losing streaks since last October. In addition, concerns around inflation and monetary policy from the Federal Reserve remain, as well as for upcoming earnings releases. Nevertheless, despite the bearish sentiment, the Dow Jones Industrial Average still managed to increase, but it was just above it flatline. Overall, as of now, the market sentiment remains cautious, with investors waiting to see if the downward trend would continue.

CRYPTO MARKET

Bitcoin rose by 4.03% for the day, with a value of $63,528.64 as of 3:00 PM CST, as stated by Coin Metrics.

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