Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

MARKET RECAP – FEBRUARY 12, 2024

STOCK MARKET

Dow Jones ended at $38,797.38 (+0.33%)

S&P 500 ended at $5,021.84 (-0.09%)

Composite ended at $15,942.55 (-0.30%)

The stock market began the week with mixed performances as the S&P 500 and the Nasdaq Composite decreased, while the Dow Jones Industrial Average managed to report some gains. The mixed sentiment across all major indexes was mainly due to investor anticipation of fresh inflation and earnings data. Moreover, although the Dow ended on the positive side, it only reported slight gains due to the decline of cloud-based software stock Salesforce, the slight slip in shares of Hershey following a downgrade by Morgan Stanley, and the anticipation of earnings reports from several major companies. Additionally, with key economic data such as the consumer price index and other indicators set to be released throughout the week, investors are likely being cautious and weighing their positions based on the forthcoming data. There is also a degree of caution due to the unusually strong and consistent rally in the market over the last three months, with investors considering the possibility of a pullback in the near future.

CRYPTO MARKET

Bitcoin rose by 4.17% for the day, with a value of $50,180.08 as of 3:00 PM CST, as stated by Coin Metrics.

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

MARKET RECAP – APRIL 22, 2024

STOCK MARKET Dow Jones ended at $38,239.98 (+0.67%) S&P 500 ended at $5,010.60 (+0.87%) Nasdaq Composite ended at $15,451.31 (+1.11%) The stock market had a positive start to the week as all major indexes showed gains. This was largely attributed to a rebound in tech shares, a decrease in tensions in the Middle East following […]

Read More
Default Thumbnail

APRIL 22, 2024

HALVING AFTERMATH Following the lasted halving event which went ahead last Friday, Bitcoin’s price has remained steady, trading above $65,800, but there was a noticeable drop in transaction fees. On-chain data shows medium-priority transactions costing $8.48 and high-priority transactions at $9.32, significantly lower than the initial spike post-halving. Moreover, despite expectations that miner revenue would […]

Read More
Default Thumbnail

MARKET RECAP, APRIL 19, 2024

STOCK MARKET Dow Jones ended at $37,986.40 (+0.56%) S&P 500 ended at $4,967.23 (-0.88%) Nasdaq Composite ended at $15,282.01 (-2.05%) The stock market ended the week with mixed performances as the Nasdaq Composite fell for a sixth straight session due to declines in tech stocks like Nvidia and Super Micro Computer. In addition, the S&P […]

Read More