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MARKET RECAP – APRIL 29, 2024

Written By: Jenny Galeano Gamboa

April 29, 2024

STOCK MARKET

Dow Jones ended at $38,386.09 (+0.38%)

S&P 500 ended at $5,116.17 (+0.32%)

Nasdaq Composite ended at $15,983.08 (+0.35%)

The stock market began the week on a positive note due to strong corporate earnings reports and anticipation of the Federal Reserve meeting. Tesla’s positive news, as well as bullish upgrades for Apple and Domino’s Pizza, contributed to the overall gains in the market. With a majority of S&P 500-listed firms surpassing expectations in their earnings, investors are feeling optimistic about the earnings season. As a result, the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all increased. Additionally, it is worth noting that while the market may have experienced a pullback in April, analysts believe it is just a temporary phase rather than a change in trend. Moreover, looking ahead, investors are also closely watching the Federal Reserve’s interest rate announcement for any potential market-moving decisions.

CRYPTO MARKET

Bitcoin fell by 1.19% for the day, with a value of $62,997.91 as of 3:00 PM CST, as stated by Coin Metrics.

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