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MARKET RECAP – JULY 22, 2024

STOCK MARKET

Dow Jones ended at $40,415.44 (+0.32%)

S&P 500 ended at $5,564.41 (+1.08%)

Nasdaq Composite ended at $18,007.57 (+1.58%)

The stock market began the week with gains across all major indexes as tech shares led a rebound. As a result, the S&P 500 and the Nasdaq Composite increased, with the S&P 500 achieving its best day since early June. Nvidia rose by 4.8% to recover losses from the previous week, and other major tech companies, including Meta Platforms and Alphabet, also posted gains of more than 2%. Moreover, small-cap stocks also performed well, with the Russell 2000 index trading and the Dow Jones Industrial Average also trading higher. Furthermore, the positive market sentiment was influenced by factors such as earnings reports, central bank policies, and U.S. political developments, with investors closely monitoring these factors as they assessed the market’s direction.

CRYPTO MARKET

Bitcoin rose by 1.36% for the day, with a value of $68,233.66 as of 3:00 PM CST, as stated by Coin Metrics.

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