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

MARKET RECAP – AUGUST 24, 2023

STOCK MARKET

Dow Jones ended at $34,099.42 (-1.08%)

S&P 500 ended at $4,376.31 (-1.35%)

Nasdaq Composite ended at $13,463.97 (-1.87%)

The stock market experienced a significant setback across all major indexes despite the strong earnings results from Nvidia. Although the shares of the chip company reached a record high following a strong earnings report, the broader tech sector faced selling pressure as the shares of Amazon, Apple, and Netflix all declined. In addition, the information technology sector was among the biggest losers in the S&P 500. Moreover, the retail sector also reported declines as Dollar Tree and Nike experienced significant losses in their shares. Consequently, following these recent declines, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composote all were significantly impacted and ended the trading session with notable losses. Additionally, some investors are concerned that the market is becoming too reliant on a few stocks and are considering reducing their exposure to the tech sector. Nevertheless, others remain optimistic about the sector and believe the economy is performing well.

CRYPTO MARKET

Bitcoin fell by 2.17% with a value of $26,036.51 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 – DECEMBER 19, 2024

STOCK MARKET Dow Jones ended at $42,342.24 (+0.04%) S&P 500 ended at $5,867.08 (-0.09%) Nasdaq Composite ended at $19,372.77 (-0.10%) The stock market experienced a weak close as the Dow Jones Industrial Average narrowly snapped its 10-day losing streak, while the S&P 500 and Nasdaq Composite fell. As a result of the current uncertainty surrounding […]

Read More
Default Thumbnail

DECEMBER 2024

TAKING CENTER STAGE Something notable that has occurred this year is the rise in popularity that digital assets like bitcoin have experienced, especially among institutional investors. In fact, U.S. spot-listed bitcoin ETFs have now surpassed Gold ETFs in assets under management, reaching $129.25 billion compared to Gold’s $128.88 billion. In addition, the CME exchange, popular […]

Read More
Default Thumbnail

MARKET RECAP – DECEMBER 18, 2024

STOCK MARKET Dow Jones ended at $42,326.87 (-2.58%) S&P 500 ended at $5,872.16 (-2.95%) Nasdaq Composite ended at $19,392.69 (-3.56%) The stock market experienced significant losses across all major indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, primarily due to a less aggressive rate outlook by the Federal Reserve. The Fed’s […]

Read More