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MARKET RECAP – AUGUST 9, 2023

STOCK MARKET

Dow Jones ended at $35,123.36 (-0.54%)

S&P 500 ended at $4,467.71 (-0.70%)

Nasdaq Composite ended at $13,722.02 (-1.17%)

The stock market witnessed losses across all major indexes for a second consecutive day as investor await the upcoming inflation report, which if higher-than-expected, could influence the Federal Reserve’s decision on interest rates. Consequently, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all decreased, with the Nasdaq leading the falling trend following Roblox’s disappointing second-quarter results, which missed Wall Street expectations, and led to a significant drop in its stock price.

CRYPTO MARKET

Bitcoin fell by 1.68% with a value of $29,385.00 as of 3:00 PM CST, as stated by Coin Metrics.

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