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MARKET RECAP – JUNE 15, 2023

Written By: Jenny Galeano Gamboa

June 15, 2023

STOCK MARKET

Dow Jones ended at $34,408.06 (+1.26%)

S&P 500 ended at $4,425.84 (+1.22%)

Nasdaq Composite ended at $13,782.82 (+1.15%)

The stock market witnessed significant gains across all major indexes as investors grew confident that the Federal Reserve might halt its campaign of rising interest rates. Consequently, the S&P 500 and the Nasdaq Composite increased for a sixth day in a row, with the S&P 500 reaching its new highest level in 13 months. Moreover, the Dow Jones Industrial Average joined the upward trend, experiencing a significant increase too.

CRYPTO MARKET

Bitcoin fell by 1.77% with a value of $25,426.80 as of 3:00 PM CST, as stated by Coin Metrics.

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