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

MARKET RECAP – AUGUST 19, 2024

Written By: Jenny Galeano Gamboa

August 19, 2024

STOCK MARKET

Dow Jones ended at $40,896.53 (+0.58%)

S&P 500 ended at $5,608.25  (+0.97%)

Nasdaq Composite ended at $17,876.77 (+1.39%)

The stock market has started off the week continuing with the positive trend it experienced in the last trading sessions as investors are optimistic about the Federal Reserve symposium later in the week, and as a result of this, the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite increased. The recent recovery rally and strong economic data, such as retail sales and initial jobless claims, have also helped calm the market and boost confidence in the economy. Additionally, hopes for a forthcoming interest rate cut are driving positive sentiment among investors. However, it is important to remark that despite the recent gains, volatility is expected to remain high for the rest of the year due to conflicting economic data points and concerns about a potential economic slowdown.

CRYPTO MARKET

Bitcoin fell by 1.23% for the day, with a value of $58,972.25 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 – SEPTEMBER 11, 2024

STOCK MARKET Dow Jones ended at $40,861.71 (+0.31%) S&P 500 ended at $5,554.13 (+1.07%) Nasdaq Composite ended at $17,395.53 (+2.17%) The stock market witnessed gains across all major indexes, including the S&P 500 and Nasdaq Composite, which rose for another trading session as investors picked up shares of mega-cap tech and semiconductor names. This boosted […]

Read More
Default Thumbnail

SEPTEMBER 11, 2024

SETTING STAGE FOR CUTS In August, prices in the U.S. saw an expected increase, while the annual inflation rate reached its lowest level since February 2021. The consumer price index, which provides a broad overview of goods and services costs in the U.S. economy, showed a 0.2% increase for the month. The 12-month inflation rate […]

Read More
Default Thumbnail

MARKET RECAP – SEPTEMBER 10, 2024

STOCK MARKET Dow Jones ended at $40,736.96 (-0.23%) S&P 500 ended at $5,495.52 (+0.45%) Nasdaq Composite ended at $17,025.88 (+0.84%) The stock market showed a mixed performance with the S&P 500 and the Nasdaq Composite increasing as tech stocks like Nvidia, AMD, and Microsoft posted gains. However, the Dow Jones Industrial Average decreased as bank […]

Read More
Default Thumbnail

MARKET RECAP – SEPTEMBER 11, 2024

STOCK MARKET Dow Jones ended at $40,861.71 (+0.31%) S&P 500 ended at $5,554.13 (+1.07%) Nasdaq Composite ended at $17,395.53 (+2.17%) The stock market witnessed gains across all major indexes, including the S&P 500 and Nasdaq Composite, which rose for another trading session as investors picked up shares of mega-cap tech and semiconductor names. This boosted […]

Read More
Default Thumbnail

SEPTEMBER 11, 2024

SETTING STAGE FOR CUTS In August, prices in the U.S. saw an expected increase, while the annual inflation rate reached its lowest level since February 2021. The consumer price index, which provides a broad overview of goods and services costs in the U.S. economy, showed a 0.2% increase for the month. The 12-month inflation rate […]

Read More
Default Thumbnail

MARKET RECAP – SEPTEMBER 10, 2024

STOCK MARKET Dow Jones ended at $40,736.96 (-0.23%) S&P 500 ended at $5,495.52 (+0.45%) Nasdaq Composite ended at $17,025.88 (+0.84%) The stock market showed a mixed performance with the S&P 500 and the Nasdaq Composite increasing as tech stocks like Nvidia, AMD, and Microsoft posted gains. However, the Dow Jones Industrial Average decreased as bank […]

Read More