STOCK MARKET
Dow Jones ended at $43,828.06 (-0.20%)
S&P 500 ended at $6,051.09 (-0.00%)
Nasdaq Composite ended at $19,926.72 (+0.12%)
The stock market ended the week with mixed performances because while the Dow Jones Industrial Average fell for a seventh straight day, the Nasdaq Composite managed to gain slightly. The S&P 500, on the other hand, ended the session little changed. For the week, the Dow posted a 1.8% decline, and the S&P 500 slid about 0.6%, breaking its three-week winning streak. The Nasdaq, on the other hand, rose 0.3% during the same period. Market experts noted that the market was stuck in a trading range with the Nasdaq expected to outperform, small caps to underperform, and the Dow struggling until a catalyst for growth emerges. Specific movements in individual stocks like Nvidia and Meta Platforms falling, Amazon shares being marginally lower, and Broadcom rallying after positive earnings contributed to the gains experienced by the Nasdaq. Nevertheless, despite these gains, it is important to remark that the overall market sentiment was negative as the Nasdaq broke below the 20,000 threshold, highlighting the conflicting trends in the market.
CRYPTO MARKET
Bitcoin rose by 1.67% for the day, with a value of $101,611.28 as of 3:00 PM CST, as stated by Coin Metrics.
