STOCK MARKET
Dow Jones ended at $44,782.00 (-0.29%)
S&P 500 ended at $6,047.15 (+0.24%)
Nasdaq Composite ended at $19,406.95 (+0.97%)
The stock market started off the month witnessing mixed performances as the S&P 500 and the Nasdaq Composite reaching new record highs, while the Dow Jones decreased. The gains by the S&P 500 and the Nasdaq were mainly influenced by individual strong stock performances like Tesla and Super Micro Computer, which saw significant gains. However, despite the gains and the fact that November was a strong month for the market due to the post-election optimism and potential tax cuts, there is still a sense of caution and uncertainty as investors await more details regarding the policies of the new administration. Jay Hatfield’s projection of a range-bound market for the remainder of the year adds to this sentiment. Furthermore, economic data showing improvement in the U.S. manufacturing sector, albeit still in contraction, also contributed to the mixed performances as investors assessed the overall economic outlook.
CRYPTO MARKET
Bitcoin fell by 1.37% for the day, with a value of $95,708.10 as of 3:00 PM CST, as stated by Coin Metrics.
