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MARKET RECAP – JULY 17, 2023

Written By: Jenny Galeano Gamboa

July 17, 2023

STOCK MARKET

Dow Jones ended at $34,585.35 (+0.22%)

S&P 500 ended at $4,522.79 (+0.39%)

Nasdaq Composite ended at $14,244.95 (+0.93%)

The stock market began the week with gains across all major indexes as investors anticipate positive quarterly reports from major companies, including Bank of America, Morgan Stanley, Goldman Sachs, United Airlines, Tesla and Nexflix. As a result, the Dow Jones Industrial Average increased for a sixth consecutive session. This gain was also boosted by the rise of JPMorgan’s shares. In addition, the S&P 500 and the Nasdaq Composite also increased, with the Nasdaq leading the overall upward trend after the shares of Apple and Tesla rose.

CRYPTO MARKET

Bitcoin fell by 1.26% with a value of $29,893.00 as of 3:00 PM CST, as stated by Coin Metrics.

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