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MARKET RECAP – JULY 5, 2023

Written By: Jenny Galeano Gamboa

July 5, 2023

STOCK MARKET

Dow Jones ended at $34,288.64 (-0.38%)

S&P 500 ended at $4,446.82 (-0.20%)

Nasdaq Composite ended at $13,791.65 (-0.18%)

The stock market witnessed declines across all major indexes as investors closely analyzed the latest minutes meeting from the Federal Reserve, which indicated that most officials believe there may be future rate hikes. Consequently, the Dow Jones Industrial Average decreased, ending its three-day winning streak. In addition, the S&P 500 and the Nasdaq Composite also joined the falling trend experiencing slight declines.

CRYPTO MARKET

Bitcoin fell by 0.96% with a value of $30,430.50 as of 3:00 PM CST, as stated by Coin Metrics.

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