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

MARKET RECAP – AUGUST 21, 2023

STOCK MARKET

Dow Jones ended at $34,463.69 (-0.11%)

S&P 500 ended at $4,399.77 (+0.69%)

Nasdaq Composite ended at $13,497.59 (+1.56%)

The stock market began the week witnessing mixed performances, with two major indexes experiencing gains despite treasury bills reaching levels not seen since November 2007. The Nasdaq Composite and the S&P 500 increased following the strong earnings reported by tech company Palo Alto Networks, the rise in shares for Nvidia, Tesla and Meta, and the positive performance of the S&P 500 tech sector. Nevertheless, despite remaining almost unchanged, the Dow Jones Industrial Average did not join the upward trend and ended thee trading session with slight losses. Moreover, there are still concerns about the rising Treasury yields, which could put downward pressure on the market in the coming days. Finally, investors are now eagerly awaiting an address from Federal Reserve Chair Jerome Powell at an annual symposium later this week.

CRYPTO MARKET

Bitcoin fell by 0.01% with a value of $26,124.68 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 19, 2024

STOCK MARKET Dow Jones ended at $37,986.40 (+0.56%) S&P 500 ended at $4,967.23 (-0.88%) Nasdaq Composite ended at $15,282.01 (-2.05%) The stock market ended the week with mixed performances as the Nasdaq Composite fell for a sixth straight session due to declines in tech stocks like Nvidia and Super Micro Computer. In addition, the S&P […]

Read More
Default Thumbnail

APRIL 19, 2024

REBOUND AS TENSIONS CALMED Bitcoin made a comeback as tensions eased during the recent conflict between Israel and Iran. Bitcoin’s value initially fell to $59,643 following the news that Israel had retaliated against Iran. However, reports of safety at Iranian nuclear facilities in Isfahan calmed nerves, boosting Bitcoin’s price back up. As of 8:00 AM […]

Read More
Default Thumbnail

MARKET RECAP – APRIL 18, 2024

STOCK MARKET Dow Jones ended at $37,775.38 (+0.06%) S&P 500 ended at $5,011.12 (-0.22%) Nasdaq Composite ended at $15,602.50 (-0.52%) The stock market witnessed mixed performances, with the S&P 500 and the Nasdaq Composite continuing with their falling trend. This was due to the continuous decline in technology shares, which led  both indexes to experience […]

Read More