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

MARKET RECAP – FEBRUARY 20, 2024

STOCK MARKET

Dow Jones ended at $38,563.80 (-0.17%)

S&P 500 ended at $4,975.51 (-0.60%)

Nasdaq Composite ended at $15,630.78 (-0.92%)

Stocks began the trading week with losses across all major indexes as a result of a broader tech decline led by Nvidia ahead of the chipmaker’s earnings report. Consequently, the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 fell. Concerns about the high valuation of tech stocks, as well as waiting for earnings to come in better-than-anticipated, contributed to the decline in the tech sector. Financial stocks were also in view following a major announcement of a large acquisition deal, while concerns about the Federal Reserve’s interest rate policies continued to impact market sentiment.

CRYPTO MARKET

Bitcoin rose by 0.27% for the day, with a value of $52,006.16 as of 3:00 PM CST, as stated by Coin Metrics.

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

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
Default Thumbnail

JUNE 21, 2024

STEEP OUTFLOWS It has been reported that as of yesterday, Bitcoin exchange-traded funds (ETFs) in the U.S. recorded their fifth consecutive day of outflows, losing over $900 million this week. Data from SoSoValue indicates that the 11 listed ETFs experienced a loss of $140 million on Thursday with $1.1 billion in trading volumes. Grayscale’s GBTC, […]

Read More