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

MARKET RECAP – FEBRUARY 13, 2024

STOCK MARKET

Dow Jones ended at $38,272.75 (-1.35%)

S&P 500 ended at $4,953.17 (-1.37%)

Nasdaq Composite ended at $15,655.60 (-1.80%)

The stock market experienced losses across all major indexes after a hotter-than-expected inflation report for January spiked Treasury yields and raised doubts about the Federal Reserve’s ability to cut rates several times this year. The consumer price index rose 0.3% in January from December, exceeding economists’ expectations, leading to concerns about potential interest rate hikes. This prompted a sell-off in the stock market, with the Dow Jones Industrial Average, S&P 500, Nasdaq Composite, and Russell 2000 all posting significant losses of over 1%. Additionally, corporate news also affected the market as Hasbro and Avis Budget Group saw declines after missing analyst expectations and reporting disappointing revenue, respectively. Nonetheless, not all was negative as JetBlue Airways rose 20% after activist investor Carl Icahn reported a nearly 10% stake in the airline.

CRYPTO MARKET

Bitcoin fell by 1.34% for the day, with a value of $49,396.83 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 – JUNE 24, 2024

STOCK MARKET Dow Jones ended at $39,411.21 (+0.67%) S&P 500 ended at $5,447.87 (-0.31%) Nasdaq Composite ended at $17,496.82 (-1.09%) The stock market has continued its trend of mixed performances as there was a sector rotation. Investors moved away from big technology names, leading to declines in the tech-heavy Nasdaq Composite and the S&P 500, […]

Read More
Default Thumbnail

JUNE 24, 2024

CRYPTOS PLUNGED The cryptocurrency market is currently experiencing significant losses, marked by its second-largest weekly drop in 2024. This downturn reflects decreasing demand for Bitcoin exchange-traded funds (ETFs) and ongoing uncertainties surrounding monetary policy. An index from Bloomberg tracking the top 100 digital assets reported a 5% decline over the past week, the steepest since […]

Read More
Default Thumbnail

MARKET RECAP – JUNE 21, 2024

STOCK MARKET Dow Jones ended at $39,150.33 (+0.04%) S&P 500 ended at $5,464.62 (-0.16%) Nasdaq Composite ended at $17,689.36 (-0.18%) The stock market ended the week with mixed performances primarily due to the influential decline of the major player in the technology sector, Nvidia, which dragged down the S&P 500 and Nasdaq Composite. Meanwhile, the […]

Read More