STOCK MARKET

Dow Jones ended at $39,128.32 (+0.04%)

S&P 500 ended at $5,477.91 (+0.16%)

Nasdaq Composite ended at $17,805.16 (+0.49%)

The stock market experienced gains across all major indexes primarily due to robust performances in tech shares, particularly Nvidia, which has significantly driven the Nasdaq Composite to an almost 0.59% gain and an overall 18.4% first-half increase. In addition, the Dow JOnes Industrial Average and the S&P 500 and the Dow Jones Industrial Average also increased, and although the both indexes traded near the flatline, it is worth highlinting that the S&P 500 has seen a nearly 15% gain in the first half of the year, largely driven by artificial intelligence plays like Nvidia. In addition, positive earnings reports and investment news boosted individual stocks such as FedEx, which surged 12% on strong fiscal results, and Rivian Automotive, which soared 21% following Volkswagen’s investment announcement. Investors are also optimistic about potential future interest rate cuts by the Federal Reserve if inflation data moderates, further supporting market sentiment. However, concerns about high valuations and overall market sustainability persist among investors.

CRYPTO MARKET

Bitcoin fell by 1.66% for the day, with a value of $60,903.87 as of 3:00 PM CST, as stated by Coin Metrics.