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MARKET RECAP – JUNE 8, 2023

STOCK MARKET

Dow Jones ended at $33,833.61 (+0.50%)

S&P 500 ended at $4,293.93 (+0.62%)

Nasdaq Composite ended at $13,238.52 (+1.02%)

The stock market witnessed gains across all major indexes as investors await next week’s inflation data and the Federal Reserve’s latest policy regarding rates. As a result, the Dow Jones Industrial Average experienced gains for a third consecutive day, while the S&P 500 increased reaching its new high for the year. Furthermore, the Nasdaq Composite also increased, leading the upward trend.

CRYPTO MARKET

Bitcoin rose by 0.75% with a value of $26,546.00 as of 3:00 PM CST, as stated by Coin Metrics.

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