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MARKET RECAP – JUNE 27, 2023

Written By: Jenny Galeano Gamboa

June 27, 2023

STOCK MARKET

Dow Jones ended at $33,926.74 (+0.63%)

S&P 500 ended at $4,378.41 (+1.15%)

Nasdaq Composite ended at $13,555.67 (+1.65%)

The stock market witnessed gains across all major indexes as investors prepared for the end of the first half of the year, and showed renewed interest in technology stocks. As a result, the Dow Jones Industrial Average rose for the first time in seven days due to the positive financial guidance from Delta Air Lines, which resulted in a significant surge in the airline’s stock price. Meanwhile, the S&P 500 and the Nasdaq Composite increased significantly following the rebound experienced by Nvidia, Meta Platforms, and Microsoft.

CRYPTO MARKET

Bitcoin rose by 1.51% with a value of $30,682.42 as of 3:00 PM CST, as stated by Coin Metrics.

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