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MARKET RECAP – JUNE 6, 2024

Written By: Jenny Galeano Gamboa

June 6, 2024

STOCK MARKET

Dow Jones ended at $38,886.17 (+0.20%)

S&P 500 ended at $5,352.96 (-0.02%)

Nasdaq Composite ended at $17,173.12 (-0.09%)

The stock market experienced mixed performances as the S&P 500 ended marginally lower after hitting a record high, while the Dow Jones Industrial Average rose and the Nasdaq Composite inched down. The performance of individual companies played a role in the decreases for the S&P 500 and the Nasdaq, as Five Below and Nvidia saw declines after lackluster results and cooling from record highs, respectively. Moreover, investors are also awaiting the release of the nonfarm payrolls report for May, due tomorrow morning, with expectations of a possible weakening in the labor market potentially leading to rate cuts from the Federal Reserve.

CRYPTO MARKET

Bitcoin fell by 1.02% for the day, with a value of $70,443.64 as of 3:00 PM CST, as stated by Coin Metrics.

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