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MARKET RECAP – JULY 7, 2023

Written By: Jenny Galeano Gamboa

July 7, 2023

STOCK MARKET

Dow Jones ended at $33,734.88 (-0.55%)

S&P 500 ended at $4,398.95 (-0.29%)

Nasdaq Composite ended at $13,660.72 (-0.13%)

The stock market ended the week with declines across all major indexes due to concerns that the Federal Reserve may start rising interest rates again following the latest release of the Labor Department, which showed a lower-than-expected payroll growth. Consequently, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq composite, all decreased.

CRYPTO MARKET

Bitcoin fell by 0.23% with a value of $30,225.36 as of 3:00 PM CST, as stated by Coin Metrics.

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