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MARKET RECAP – JULY 11, 2023

Written By: Jenny Galeano Gamboa

July 11, 2023

STOCK MARKET

Dow Jones ended at $34,261.42 (+0.93%)

S&P 500 ended at $4,439.26 (+0.67%)

Nasdaq Composite ended at $13,760.70 (+0.55%)

The stock market experienced gains across all major indexes for a second consecutive day as investors remain optimistic regarding the upcoming inflation data. In addition, positive corporate news, such as Salesforce’s price increase announcement and the federal judge’s decision on Microsoft’s acquisition of Activision Blizzard, also boosted investor confidence. As a result, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all increased.

CRYPTO MARKET

Bitcoin fell by 0.29% with a value of $30,591.52 as of 3:00 PM CST, as stated by Coin Metrics.

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