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MARKET RECAP – JULY 3, 2023

Written By: Jenny Galeano Gamboa

July 3, 2023

STOCK MARKET

Dow Jones ended at $34,418.47 (+0.03%)

S&P 500 ended at $4,455.59 (+0.12%)

Nasdaq Composite ended at $13,816.77 (+0.21%)

The stock market began the week with modest gains across all major indexes as investors’ confidence continues to be boosted by the resilience of the U.S. economy despite higher interest rate. As a result, the S&P 500 and the Nasdaq Composite increased slightly following the gains experienced by Tesla. In addition, although the Dow Jones Industrial Average joined the upward trend, it remained almost unchanged.

CRYPTO MARKET

Bitcoin rose by 1.60% with a value of $31,028.04 as of 12:00 PM CST, as stated by Coin Metrics.

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