STOCK MARKET
Dow Jones ended at $40,539.93 (-0.12%)
S&P 500 ended at $5,463.54 (+0.08%)
Nasdaq Composite ended at $17,370.20 (+0.07%)
The stock market started the week with mixed performances as investors awaited key corporate earnings reports from big tech companies and a policy announcement from the Federal Reserve. The S&P 500 and the Nasdaq Composite reported small gains, driven by positive earnings reports from On Semiconductor, and the recent rise for Tesla’s stock after Morgan Stanley named the company as a top pick. However, the Dow Jones Industrial Average did not join the upward trend, as the index reported slight losses. Moreover, it is worth noting that despite the positive performance we have witnessed in the last two trading sessions for the S&P 500 and the Nasdaq, concerns about high valuations in the market remain, and there is uncertainty over the Fed’s next moves.
CRYPTO MARKET
Bitcoin fell by 1.32% for the day, with a value of $67,263.00 as of 3:00 PM CST, as stated by Coin Metrics.
