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 – NOVEMBER 8, 2024

STOCK MARKET Dow Jones ended at $43,988.99 (+0.59%) S&P 500 ended at $5,995.54 (+0.38%) Nasdaq Composite ended at $19,286.78 (+0.09%) The stock market ended the week on a positive note, with the Dow Jones Industrial Average and S&P 500 wrapping up their best week in a year after Donald Trump’s election win. Additionally, although today’s […]

Read More
Default Thumbnail

NOVEMBER 8, 2024

TOP-PERFORMING ASSET In October, global gold ETFs experienced inflows for the sixth consecutive month, a trend that has now turned positive for the year after a slow start. The World Gold Council reported that North American and Asian investors are driving this demand, seeking the security of gold as a safe investment amidst geopolitical tensions […]

Read More
Default Thumbnail

MARKET RECAP – NOVEMBER 7, 2024

STOCK MARKET Dow Jones ended at $43,729.33 (-0.00%) S&P 500 ended at $5,973.10 (+0.74%) Nasdaq Composite ended at $19,269.46 (+1.51%) The stock market witnessed mixed performances as the Dow Jones Industrial Average remained unchanged, while the S&P 500 and the Nasdaq Composite closed at record highs, extending a post-election rally following President-elect Donald Trump’s victory, […]

Read More