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

MARKET RECAP – AUGUST 26, 2024

Written By: Jenny Galeano Gamboa

August 26, 2024

STOCK MARKET

Dow Jones ended at $41,240.52 (+0.16%)

S&P 500 ended at $5,616.84 (-0.32%)

Nasdaq Composite ended at $17,725.77 (-0.85%)

The stock market began the week with mixed performances as the Dow Jones Industrial Average closed at a record high, while the S&P 500 and the Nasdaq Composite fell due to concerns in the technology sector about upcoming earnings reports, particularly from Nvidia. Traders were rotating out of tech and into other areas of the market, causing the S&P 500 and Nasdaq to slip slightly. Nevertheless, despite the losses reported by these two indexes, it is worth noting that following the comments from Federal Reserve Chair Jerome Powell, which indicated potential interest rate cut, investor confidence has been boosted and that currently, the market is in a healthy place.

CRYPTO MARKET

Bitcoin fell by 1.28% for the day, with a value of $63,383.24 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 – OCTOBER 11, 2024

STOCK MARKET Dow Jones ended at $42,863.86 (+0.97%) S&P 500 ended at $5,815.03 (+0.61%) Nasdaq Composite ended at $18,342.94 (+0.33%) The stock market managed to recover from yesterday’s losses, and ended the week on a positive note thanks to a strong start to the third-quarter earnings season, led by banking giants like JPMorgan Chase and […]

Read More
Default Thumbnail

OCTOBER 11, 2024

SIGNALS OF A SLOWDOWN Despite yesterday’s CPI’s report, the producer price index (PPI) report, a measure of wholesale prices, revealed that remained unchanged in September, which indicates a possible slowdown in inflation. The index was up 1.8% from a year ago, with a 0.2% rise excluding food and energy. On the consumer side, the consumer […]

Read More
Default Thumbnail

MARKET RECAP – OCTOBER 9, 2024

STOCK MARKET Dow Jones ended at $42,454.12 (-0.14%) S&P 500 ended at $5,780.05 (-0.21%) Nasdaq Composite ended at $18,282.05 (-0.05%) The stock market experienced a turnaround in performance as economic data pointed to stubborn inflation, causing the S&P 500 and Dow Jones Industrial Average to retreat from record highs, while the Nasdaq Compositealso fell. The […]

Read More
Default Thumbnail

MARKET RECAP – OCTOBER 11, 2024

STOCK MARKET Dow Jones ended at $42,863.86 (+0.97%) S&P 500 ended at $5,815.03 (+0.61%) Nasdaq Composite ended at $18,342.94 (+0.33%) The stock market managed to recover from yesterday’s losses, and ended the week on a positive note thanks to a strong start to the third-quarter earnings season, led by banking giants like JPMorgan Chase and […]

Read More
Default Thumbnail

OCTOBER 11, 2024

SIGNALS OF A SLOWDOWN Despite yesterday’s CPI’s report, the producer price index (PPI) report, a measure of wholesale prices, revealed that remained unchanged in September, which indicates a possible slowdown in inflation. The index was up 1.8% from a year ago, with a 0.2% rise excluding food and energy. On the consumer side, the consumer […]

Read More
Default Thumbnail

MARKET RECAP – OCTOBER 9, 2024

STOCK MARKET Dow Jones ended at $42,454.12 (-0.14%) S&P 500 ended at $5,780.05 (-0.21%) Nasdaq Composite ended at $18,282.05 (-0.05%) The stock market experienced a turnaround in performance as economic data pointed to stubborn inflation, causing the S&P 500 and Dow Jones Industrial Average to retreat from record highs, while the Nasdaq Compositealso fell. The […]

Read More