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MARKET RECAP – JUNE 17, 2024

Written By: Jenny Galeano Gamboa

June 17, 2024

STOCK MARKET

Dow Jones ended at $38,778.10 (+0.49%)

S&P 500 ended at $5,473.23 (+0.77%)

Nasdaq Composite ended at $17,857.02 (+0.95%)

The stock market has began the week on a positive note as investors remain optimistic due to strong economic data, including signs of a resilient economy and the possibility of rate cuts still happening this year. In addition, investors are also hopeful about upcoming data releases, such as May retail sales and housing data. As a result, the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all increased. Moreover, the Nasdaq and the S&P 500 were also fueled by megacap technology stocks, such as Microsoft, Apple, Nvidia and Broadcom, which have boosted the information technology sector.

CRYPTO MARKET

Bitcoin rose by 0.17% for the day, with a value of $66,633.42 as of 3:00 PM CST, as stated by Coin Metrics.

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