STOCK MARKET
Dow Jones ended at $40,743.33 (+0.50%)
S&P 500 ended at $5,436.42 (-0.50%)
Nasdaq Composite ended at $17,147.42 (-1.28%)
The stock market witnessed mixed performances for another trading session, but this time with the Dow Jones Industrial Average closing higher, while the S&P 500 and the Nasdaq Composite decreased. The S&P 500 and the Nasdaq fell primarily due to declines in megacap tech stocks. Noteworthy tech companies such as Nvidia, Microsoft, Amazon, Netflix, and Apple all faced setbacks. Nevertheless, despite this, it is important to highlight that the earnings season thus far has been relatively strong, with a majority of S&P 500 companies surpassing earnings expectations. This trend has also been supported by a potential rate cut from central bankers and a focus on moderating inflation, which could provide a positive backdrop for market growth.
CRYPTO MARKET
Bitcoin fell by 2.17% for the day, with a value of $65,922.45 as of 3:00 PM CST, as stated by Coin Metrics.
