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MARKET RECAP – APRIL 6, 2023

STOCK MARKET

Dow Jones ended at $33,485.29 (+0.01%)

S&P 500 ended at $4,105.02 (+0.36%)

Nasdaq Composite ended at $12,087.96 (+0.76%)

The stock market showed signs of recovery mainly due to gains in the tech sector. The S&P 500 initially fell but managed to end the day with a modest increase. The Nasdaq Composite had a better performance than the other indexes as it saw significant gains. And although the Dow Jones Industrial suffered a significant loss at the beginning of the trading, it managed to stabilize and ended up trading at almost the same level where it started.

CRYPTO MARKET

Bitcoin fell by 0.73% with a value of $28,023.88 as of 3:00 PM CST, as stated by Coin Metrics.

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JUNE 17, 2024

METALS SLID Metal prices have experienced a decline, particularly in gold, which decreased by 0.65% to $2,334 per troy ounce, alongside a strengthening U.S. dollar. This uptick in the greenback is attributed to expectations of fewer interest rate cuts by the Federal Reserve, following hawkish commentary. The market is also optimistic about lower-than-expected inflation figures […]

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MARKET RECAP – JUNE 14, 2024

STOCK MARKET Dow Jones ended at $38,589.16 (-0.15%) S&P 500 ended at $5,431.60 (-0.04%) Nasdaq Composite ended at $17,688.88 (+0.12%) The stock market ended the week with mixed performances following the decline in consumer sentiment reported by the University of Michigan’s Survey of Consumers. This, combined with profit-taking after a strong rally and concerns about […]

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JUNE 14, 2024

RISE DUE TO OPTIMISM Gold prices have increased and seem to be heading for their first weekly gain in four weeks due to the current speculation about a potential Federal Reserve interest rate cut. Following the latest inflation data, the probability of a U.S. interest rate cut in September has surged to 67%, backed by […]

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