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

MARKET RECAP – APRIL 4, 2024

STOCK MARKET

Dow Jones ended at $38,596.98 (-1.35%)

S&P 500 ended at $5,147.21 (-1.23%)

Nasdaq Composite ended at $16,049.08 (-1.40%)

The stock market witnessed losses across all major indexes as investors were on edge ahead of the March jobs report and fears of the Federal Reserve holding off on further interest rate cuts added to negative sentiment. Comments from Minneapolis Fed President Neel Kashkari questioning the need for further rate cuts also contributed to the market downturn. Additionally, a spike in oil prices raised concerns about inflation and energy price increases. Following these developments, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all reported losses of over 1%, while the 10-year Treasury yield rose, causing investors to adopt a wait-and-see approach.

CRYPTO MARKET

Bitcoin rose by 4.14% for the day, with a value of $68,603.99 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 24, 2024

STOCK MARKET Dow Jones ended at $39,059.69 (+0.01%) S&P 500 ended at $5,304.72 (+0.70%) Nasdaq Composite ended at $16,920.79 (+1.10%) The stock market ended the week with gains across all major indexes, driven by the Nasdaq Composite closing at a record high due to gains in chipmaker Nvidia and enthusiasm surrounding the AI trade. Moreover, […]

Read More
Default Thumbnail

MAY 24, 2024

PRICE VOLATILITY Bitcoin experienced a 2.12% price drop in response to news regarding the approval of spot Ethereum ETFs, surprising traders who were optimistic about potential new all-time highs in light of a recent strong rally that had seen the cryptocurrency gain 9% and hit $72,000 earlier in the week. This sudden downturn saw BTC […]

Read More
Default Thumbnail

MARKET RECAP – MAY 23, 2024

STOCK MARKET Dow Jones ended at $39,065.26 (-1.53%) S&P 500 ended at $5,267.84 (-0.74%) Nasdaq Composite ended at $16,736.03 (-0.39%) The stock market experienced losses across all major indexes for a second consecutive session, with the Dow Jones Industrial Average registering its worst day of 2024. The Dow slid significantly, while Boeing was the biggest […]

Read More