STOCK MARKET
Dow Jones ended at $44,158.56 (-0.22%)
S&P 500 ended at $6,084.19 (+0.82%)
Nasdaq Composite ended at $20,034.89 (+1.77%)
The stock market witnessed mixed performances, with the S&P 500 and Nasdaq Composite recovering from the losses both indexes experienced in the last two trading sessions, while the Dow Jones Industrial Average continued to decrease. The surge in the Nasdaq Composite, driven by positive news regarding November’s inflation report meeting economists’ projections, lifted the tech-heavy index to a new high. In addition, the surge was fueled by gains in tech stocks, including Alphabet, which made breakthroughs in quantum computing, as well as other tech giants like Meta Platforms and Amazon. Additionally, bull market leaders like Nvidia and Tesla also experienced gains following the inflation data. Moreover, despite the decline witnessed by the Dow, it is worth remarking that the overall market reacted positively to the in-line inflation data, with traders speculating that it was not high enough to deter the Federal Reserve from cutting interest rates at its December meeting. Furthermore, investors remain optimistic about the market’s direction going into year-end.
CRYPTO MARKET
Bitcoin rose by 5.14% for the day, with a value of $101,355.79 as of 3:00 PM CST, as stated by Coin Metrics
