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MARKET RECAP – DECEMBER 19, 2024

Written By: Jenny Galeano Gamboa

December 19, 2024

STOCK MARKET

Dow Jones ended at $42,342.24 (+0.04%)

S&P 500 ended at $5,867.08 (-0.09%)

Nasdaq Composite ended at $19,372.77 (-0.10%)

The stock market experienced a weak close as the Dow Jones Industrial Average narrowly snapped its 10-day losing streak, while the S&P 500 and Nasdaq Composite fell. As a result of the current uncertainty surrounding the Federal Reserve’s interest rate decisions, the 10-year Treasury yield rose, and this caused pressure on stocks. In addition, the current uncertainty has also led to volatility in the market, with the Cboe Volatility Index pulling back after spiking during yesterday’s session. Moreover, it is important to remark that investors are advised to be cautious and keep some cash reserves.

CRYPTO MARKET

Bitcoin fell by 3.01% for the day, with a value of $96,265.07 as of 3:00 PM CST, as stated by Coin Metrics.

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