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MARKET RECAP – JUNE 1, 2023

Written By: Jenny Galeano Gamboa

June 1, 2023

STOCK MARKET

Dow Jones ended at $33,061.57 (+0.47%)

S&P 500 ended at $4,221.02 (+0.99%)

Nasdaq Composite ended at $13,100.98 (+1.28%)

The stock market saw increases across all major indexes as investors were pleased following the news that the U.S. House passed the debt ceiling deal. As a result, the Dow Jones Industrial Average increased despite Salesforce’s disappointing earnings report. Moreover, the S&P 500 and the Nasdaq Composite also experienced significant gains, with both reaching their highest levels since August.

CRYPTO MARKET

Bitcoin fell by 0.68% with a value of $26,873.74 as of 3:00 PM CST, as stated by Coin Metrics.

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