Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

MARKET RECAP – APRIL 24, 2024

STOCK MARKET

Dow Jones ended at $38,460.92 (-0.11%)

S&P 500 ended at $5,071.63 (+0.02%)

Nasdaq Composite ended at $15,712.75 (+0.10%)

The stock market witnessed mixed performances due to interest rate fears dampening earnings enthusiasm. The concerning sentiment was due to the latest rise in bond yields, and as a result of this, the Dow Jones Industrial Average fell, while the S&P 500 and the Nasdaq Composite stayed almost unchanged, but still on the positive side. The 10-year Treasury note yield saw a substantial increase, leading to concerns about potential negative impacts on the market. Additionally, fears of inflation not easing as quickly as expected raised concerns that the Federal Reserve may not cut interest rates. Nonetheless, it is worth to remark that despite this, corporate earnings have been strong, with a majority of companies beating Wall Street estimates. Moreover, as this week progresses, investors are still focused on key economic data releases and upcoming earnings reports from major companies like Meta, Microsoft, and Google.

CRYPTO MARKET

Bitcoin fell by 3.85% for the day, with a value of $63,976.08 as of 3:00 PM CST, as stated by Coin Metrics.

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

MARKET RECAP – MAY 22, 2024

STOCK MARKET Dow Jones ended at $39,671.04 (-0.51%) S&P 500 ended at $5,307.01 (-0.27%) Nasdaq Composite ended at $16,801.54 (-0.18%) The stock market experienced losses across all major indexes due to concerns about persistent inflation raised by the minutes from the Federal Reserve’s May meeting. The possibility of the central bank not cutting interest rates […]

Read More
Default Thumbnail

MAY 22, 2024

RISING ONCE AGAIN BlackRock’s Bitcoin exchange-traded fund (ETF) in the U.S. has recently received a surge in investments as the price of Bitcoin climbs above $70,000. With over $290 million in inflows, yesterday was a remarkable day for the IBIT ETF as it recorded its highest one-day inflow in months. This uptick in activity follows […]

Read More
Default Thumbnail

MARKET RECAP – MAY 21, 2024

STOCK MARKET Dow Jones ended at $39,872.99 (+0.17%) S&P 500 ended at $5,321.41 (+0.25%) Nasdaq Composite ended at $16,832.99 (+0.17%) The stock market witnessed gains across all major indexes, with the S&P 500 and Nasdaq Composite reaching new records, driven by investor excitement over Nvidia’s upcoming earnings report and the continued enthusiasm for artificial intelligence […]

Read More