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MARKET RECAP – MARCH 11, 2024

Written By: Jenny Galeano Gamboa

March 11, 2024

STOCK MARKET

Dow Jones ended at $38,769.66 (+0.12%)

S&P 500 ended at $5,117.94 (-0.11%)

Nasdaq Composite ended at $16,019.27 (-0.41%)

The stock market began the week with mixed performances as the rally that brought the major averages to record highs cooled off. Despite the Dow Jones Industrial Average managing to report some gains, the S&P 500 and the Nasdaq fell due to a drop in shares of technology stock Super Micro Computer and chipmaker Nvidia, as well as struggles for Meta and pharmaceutical stock Eli Lilly. Moreover, Traders are preparing for the consumer price index report that is expected to show a rise in inflation, which could have implications for Federal Reserve policy decisions. Overall, the market is showing signs of caution as investors assess the potential impact of inflation on future market performance.

CRYPTO MARKET

Bitcoin rose by 3.66% for the day, with a value of $72,012.53 as of 3:00 PM CST, as stated by Coin Metrics. .

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