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MARKET RECAP – JUNE 26, 2023

Written By: Jenny Galeano Gamboa

June 26, 2023

STOCK MARKET

Dow Jones ended at $33,714.71 (-0.04%)

S&P 500 ended at $4,328.82 (-0.45%)

Nasdaq Composite ended at $13,335.78 (-1.16%)

The stock market started the week with losses across all major indexes as investors sold off technology stocks that have been leading the market’s rally. As a result, the S&P 500 and the Nasdaq Composite decreased following the declines experienced in Nvidia, Alphabet, Meta Platforms, and Tesla, with the latter being downgraded by Goldman Sachs due to pricing headwinds. Meanwhile, although the Dow Jones Industrial Average experienced slight losses, it remained almost unchanged.

CRYPTO MARKET

Bitcoin fell by 0.47% with a value of $30,272.00 as of 3:00 PM CST, as stated by Coin Metrics.

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