STOCK MARKET
Dow Jones ended at $43,717.48 (-0.25%)
S&P 500 ended at $6,074.08 (+0.38%)
Nasdaq Composite ended at $20,173.89 (+1.24%)
The stock market began the week with mixed performances as the S&P 500 and the Nasdaq Composite rose, with the latter increasing to a record high, driven by a rally in tech stocks. Meanwhile, the Dow Jones Industrial Average fell for an eighth consecutive day. Investors were awaiting the Federal Reserve’s policy meeting, where it was widely expected that the central bank would cut its benchmark lending rate. Stocks in the tech and consumer discretionary sectors reached record highs, but there were some notable exceptions such as Nvidia, which fell into a correction. Investors were also paying close attention to the Fed’s forward guidance on future policy moves, especially in light of recent economic data showing stabilization in unemployment numbers but an uptick in inflation.
CRYPTO MARKET
Bitcoin rose by 3.11% for the day, with a value of $105,783.86 as of 3:00 PM CST, as stated by Coin Metrics.
