STOCK MARKET
Dow Jones ended at $40,834.97 (-0.15%)
S&P 500 ended at $5,597.12 (-0.20%)
Nasdaq Composite ended at $17,816.94 (-0.33%)
The stock market experienced losses across all major indexes as investors took a breather after an eight-day winning streak. Let’s remember that the market had been on a recovery rally since the start of the month, but today’s action saw a slight pullback with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite falling. Nevertheless, despite these losses, it is worth remarking that market volatility has decreased significantly compared to earlier in the month. The focus is now on the upcoming Federal Reserve’s annual Jackson Hole Economic Symposium, where Chair Jerome Powell is set to give remarks. As there is speculation about possible interest rate cuts at the next policy meeting, traders are looking for hints in the minutes from the July policy meeting.
CRYPTO MARKET
Bitcoin rose by 0.79% for the day, with a value of $59,483.11 as of 3:00 PM CST, as stated by Coin Metrics.
