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MARKET RECAP – JULY 12, 2023

Written By: Jenny Galeano Gamboa

July 12, 2023

STOCK MARKET

Dow Jones ended at $34,347.43 (+0.25%)

S&P 500 ended at $4,472.16 (+0.74%)

Nasdaq Composite ended at $13,918.96 (+1.15%)

The stock market witnessed gains across all major indexes as the latest CPI report brought hope that the Federal Reserve can control inflation without pushing the U.S. economy into a recession. As a result, the S&P 500 and the Nasdaq Composite increased, reaching their highest level since April 2022. In addition, the Dow Jones Industrial Average also increased, joining the upward trend.

CRYPTO MARKET

Bitcoin fell by 0.98% with a value of $30,257.24 as of 3:00 PM CST, as stated by Coin Metrics.

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