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

MARKET RECAP – AUGUST 10, 2023

STOCK MARKET

Dow Jones ended at $35,176.15 (+0.15%)

S&P 500 ended at $4,468.83 (+0.03%)

Nasdaq Composite ended at $13,737.99 (+0.12%)

The stock market experienced gains across all major indexes as investor’s concerns about excessive inflation were allibiated following the latest CPI report which showed a slightly less year-over-year inflation growth than expected. In addition, the CPI report indicated a potential soft landing for the economy. Following this report, along with the Disney’s better-than-expected earnings report and its recent announcement about a price hike for ad-free Disney+ subscriptions boosted the gains experienced by the Dow Jones Industrial Average and the Nasdaq Composite. Moreover, although the S&P 500 remained almost unchanged, it still joined the upward trend as Wynn Resorts also reported better-than-expected results.

CRYPTO MARKET

Bitcoin fell by 0.23% with a value of $29,385.24 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 – APRIL 24, 2024

STOCK MARKET Dow Jones ended at $38,712.75 (-0.11%) S&P 500 ended at $5,071.63 (+0.02%) Nasdaq Composite ended at $15,712.75 (+0.10%) The stock market witnessed mixed performances due to interest rate fears dampening earnings enthusiasm. The concerning sentiment was due to the latest rise in bond yields, and as a result of this, the Dow Jones […]

Read More
Default Thumbnail

APRIL 24, 2024

STEADY MODE The top cryptocurrencies in the market, are currently experiencing a period of stability as traders evaluate market conditions post-halving. With Bitcoin trading above $66,600 and Ether at around $3,240, the market has calmed down after recent volatility driven by geopolitical tensions and halving excitement. As of today, traders seem hesitant to take decisive […]

Read More
Default Thumbnail

MARKET RECAP – APRIL 23, 2024

STOCK MARKET Dow Jones ended at $38,503.69 (+0.69%) S&P 500 ended at $5,070.55 (+1.20%) Nasdaq Composite ended at $15,696.64 (+1.59%) The stock market witnessed gains across all major indexes due to a strong batch of corporate earnings that exceeded expectations. Companies such as Spotify, UPS, and GE Aerospace posted better-than-expected earnings, leading to a positive […]

Read More