STOCK MARKET
Dow Jones ended at $40,659.76 (+0.24%)
S&P 500 ended at $5,554.25 (+0.20%)
Nasdaq Composite ended at $17,631.72 (+0.21%)
The stock market has ended the week with gains across all major indexes due to positive economic data released throughout the week, including stronger-than-expected retail sales and decreasing weekly jobless claims. This data helped to alleviate concerns about a looming recession and sticky inflation, leading to a market comeback from the previous month’s violent rout. Additionally, investor confidence has also been boosted by the Federal Reserve’s potential willingness to cut interest rates in order to defend growth. Overall, the market has rebounded strongly, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all posting significant gains for the week. Moreover, the gains in technology stocks such as Nvidia, Apple, and Microsoft contributed to the gains reported by the S&P 500 and the Nasdaq.
CRYPTO MARKET
Bitcoin rose by 4.73% for the day, with a value of $59,731.86 as of 3:00 PM CST, as stated by Coin Metrics.
