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MARKET RECAP – APRIL 3, 2024

STOCK MARKET

Dow Jones ended at $39,127.14 (-0.11%)

S&P 500 ended at $5,211.49 (+0.11%)

Nasdaq Composite ended at $16,277.46 (+0.23%)

The stock market witnessed mixed performances due to various factors, including fluctuations in global markets, uncertainties about interest rates, and the decisions of the Federal Reserve. While the S&P 500 and Nasdaq Composite managed to recover from recent losses, the Dow Jones Industrial Average remained in negative territory largely due to specific company-related issues, such as Intel’s drop in stock value. The positive performance of the S&P 500 and Nasdaq Composite can be attributed to the resilience of certain sectors, including technology stocks like Netflix and Meta, which climbed more than 1% each. Moreover, it is worth noting that despite the recent downturns in the overall market due to concerns about interest rate cuts and inflation, market observers remain cautiously optimistic about the overall outlook of stocks, suggesting that the market may need time to consolidate and adjust while certain sectors continue to show strength.

CRYPTO MARKET

Bitcoin fell by 0.37% for the day, with a value of $65,831.47 as of 3:00 PM CST, as stated by Coin Metrics.

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