STOCK MARKET
Dow Jones ended at $38,747.42 (-0.31%)
S&P 500 ended at $5,375.32(+0.27%)
Nasdaq Composite ended at $17,343.55 (+0.89%)
The stock market witnessed mixed performances as the S&P 500 and Nasdaq Composite reached record highs once again, led by Apple’s surge to an all-time high, while the Dow Jones Industrial Average experienced losses. Nonetheless, despite the gains experienced by the S&P 500 and the Nasdaq, it is important to highlight that investor concerns are currently focused on the Federal Reserve’s two-day policy meeting and the potential delay in interest rate cuts following stronger-than-expected economic indicators, as indicated by JPMorgan’s strategists. In addition, it has been stated that Fed funds futures showed no likelihood of a rate cut at the current meeting or in July, but investors are still pricing in a 66% chance of a cut in November.
CRYPTO MARKET
Bitcoin fell by 2.29% for the day, with a value of $67,315.46 as of 3:00 PM CST, as stated by Coin Metrics.
