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MARKET RECAP – DECEMBER 5, 2023

STOCK MARKET

Dow Jones ended at $36,124.56 (-0.22%)

S&P 500 ended at $4,567.78 (-0.06%)

Nasdaq Composite ended at $14,229.91 (+0.31%)

The stock market experienced mixed performances as the rally we had witnessed recently lost steam, causing uncertainty and leading to a pullback in the market. Consequently, the Dow Jones Industrial Average and S&P 500 both slid for a second day in a row, while the Nasdaq Composite gained as technology shares Apple and Nvidia outperformed, with each increasing by 2%. The mixed performances reflect uncertainty in the market due to factors such as the U.S. 10-year Treasury yield falling below a key level, the Russell 2000 reversing course after previously bucking the downtrend, and investor concerns about potential changes in sentiment from the Federal Reserve. Nonetheless, despite this uncertainty, the three major indexes are still up on the quarter and year, demonstrating the overall strength of the market’s recent rally.

CRYPTO MARKET

Bitcoin rose by 4.70% for the day, with a value of $43,784.06 as of 3:00 PM CST, as stated by Coin Metrics.

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