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MARKET RECAP – DECEMBER 4, 2023

Written By: Jenny Galeano Gamboa

December 4, 2023

STOCK MARKET

Dow Jones ended at $36,204.44 (-0.11%)

S&P 500 ended at $4,569.78 (-0.54%)

Nasdaq Composite ended at $14,185.49 (-0.84%)

The stock market began the week with losses across all major indexes because investors were questioning whether the market was overvalued after five straight weeks of gains. As a result, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, all declined. Additionally, technology shares, such as Nvidia, Microsoft and Meta, which have been leading the market’s gains, struggled in the session, leading to a decline in the Nasdaq Composite. Overall, it seems that investors were taking a step back after a strong period in the market and considering whether the market had gotten ahead of itself.

CRYPTO MARKET

Bitcoin rose by 5.41% for the day, with a value of $41,742.82 as of 3:00 PM CST, as stated by Coin Metrics.

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