STOCK MARKET
Dow Jones ended at $39,308.00 (-0.06%)
S&P 500 ended at $5,537.02 (+0.51%)
Nasdaq Composite ended at $18,188.30 (+0.88%)
The stock market experienced mixed performances due to contrasting factors affecting different segments. Despite weak economic data signaling a potential slowdown, including softer private payroll growth, higher jobless claims, and a contracting service sector, the market found support from a decline in bond yields. As a result, the S&P 500 edged and the Nasdaq Composite rose, with the latter outperforming due to the strong gains in mega-cap technology stocks like Tesla and Nvidia, which helped the tech-heavy Nasdaq outperform. In contrast, the Dow Jones Industrial Average dipped as it was weighed down by a significant drop in UnitedHealth. Moreover, it is worth noting that light trading volume ahead of the Independence Day holiday and market anticipation for minutes from the Federal Reserve’s June meeting also contributed to the day’s mixed outcomes.
CRYPTO MARKET
Bitcoin fell by 2.44% for the day, with a value of $60,416.95 as of 12:00 PM CST, as stated by Coin Metrics.
