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MARKET RECAP – APRIL 8, 2024

Written By: Jenny Galeano Gamboa

April 8, 2024

STOCK MARKET

Dow Jones ended at $38,892.80 (-0.03%)

S&P 500 ended at $5,202.39 (-0.04%)

Nasdaq Composite ended at $16,253.96 (+0.03%)

The stock market began the week with little change due to uncertainty about what will happen in regards of interest rates, leading investors to be cautious ahead of key U.S. inflation data. As a result, he Dow Jones Industrial Average and the S&P 500 slightly decreased, while the Nasdaq Composite saw minimal gains. In addition, the increase in Treasury yields limited market gains. Moreover, investors are eagerly awaiting the release of the March consumer and producer price indexes to assess the Federal Reserve’s strategy against inflation, with economists expecting the CPI number to rise 0.3% last month and 3.5% year over year.

CRYPTO MARKET

Bitcoin rose by 3.58% for the day, with a value of $71,742.00 as of 3:00 PM CST, as stated by Coin Metrics.

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