STOCK MARKET
Dow Jones ended at $34,289.03 (-0.51%)
S&P 500 ended at $4,387.65 (-0.28%)
Nasdaq Composite ended at $13,505.87 (+0.06%)
The Dow Jones and S&P ended in the red while the Nasdaq barely ended in the green for the day. The S&P Global cutting credit ratings and revising its forecast for multiple U.S. banks on Monday appears to have had an impact on the markets today. Additionally, the benchmark 10-year Treasury yield hit its highest level since 2007, which played another factor in the markets movement. Furthermore, the hype around Nvidia earnings appears to have caused a pullback by investors as they eagerly await the earnings release which will be tomorrow. The power of AI and it’s market impact will be seen and investors will make their judgement based on how Nvidia does.
CRYPTO MARKET
Bitcoin fell by 1.1% with a value of $25,806.08 as of 3:00 PM CST, as stated by Coin Metrics.