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

MARKET RECAP – FEBRUARY 8, 2024

STOCK MARKET

Dow Jones ended at $38,726.33 (+0.13%) S&P 500 ended at $4,997.91 (+0.06%) Nasdaq Composite ended at $14,904.81 (+0.61%)

The stock market continued its upward trend for one more day due to strong earnings reports from companies such as Disney and Arm, which boosted investor confidence in the market’s potential for strong corporate profits and growth. Additionally, the continued rise in mega-cap technology stocks contributed to the market’s positive momentum. Despite concerns about the narrow breadth of leadership in the market and uncertainty surrounding rate cuts, the positive earnings reports and overall positive sentiment allowed the market to touch new highs, with the S&P 500 nearing the 5,000 milestone. In addition, the Dow Jones Industrial Average and the Nasdaq Composite also joined the upward trend.

CRYPTO MARKET

Bitcoin rose by 3.16% for the day, with a value of $45,510.51 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 – DECEMBER 19, 2024

STOCK MARKET Dow Jones ended at $42,342.24 (+0.04%) S&P 500 ended at $5,867.08 (-0.09%) Nasdaq Composite ended at $19,372.77 (-0.10%) The stock market experienced a weak close as the Dow Jones Industrial Average narrowly snapped its 10-day losing streak, while the S&P 500 and Nasdaq Composite fell. As a result of the current uncertainty surrounding […]

Read More
Default Thumbnail

DECEMBER 2024

TAKING CENTER STAGE Something notable that has occurred this year is the rise in popularity that digital assets like bitcoin have experienced, especially among institutional investors. In fact, U.S. spot-listed bitcoin ETFs have now surpassed Gold ETFs in assets under management, reaching $129.25 billion compared to Gold’s $128.88 billion. In addition, the CME exchange, popular […]

Read More
Default Thumbnail

MARKET RECAP – DECEMBER 18, 2024

STOCK MARKET Dow Jones ended at $42,326.87 (-2.58%) S&P 500 ended at $5,872.16 (-2.95%) Nasdaq Composite ended at $19,392.69 (-3.56%) The stock market experienced significant losses across all major indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, primarily due to a less aggressive rate outlook by the Federal Reserve. The Fed’s […]

Read More