Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

MARKET RECAP – MARCH 14, 2024

STOCK MARKET

Dow Jones ended at $38,905.66 (-0.35%)

S&P 500 ended at $5,150.48 (-0.29%)

Nasdaq Composite ended at $16,128.53 (-0.30%)

The stock market experienced losses across all major indexes due to the release of the latest producer price index (PPI), which revealed a hotter-than-expected U.S. inflation data and led Treasury yields to rise. This raised concerns about the possibility of the Federal Reserve cutting rates sooner than expected. Consequenlty, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite reported decreases. Furthermore, the increase in bond yields and the pressure on Nvidia shares further contributed to the market losses, nonetheless, it is worth noting that despite the overall market ending on the negative side, major technology shares like Apple and Microsoft saw buying interest today.

CRYPTO MARKET

Bitcoin fell by 5.36% for the day, with a value of $69,211.10 as of 3:00 PM CST, as stated by Coin Metrics.

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

MARKET RECAP – JULY 22, 2024

STOCK MARKET Dow Jones ended at $40,415.44 (+0.32%) S&P 500 ended at $5,564.41 (+1.08%) Nasdaq Composite ended at $18,007.57 (+1.58%) The stock market began the week with gains across all major indexes as tech shares led a rebound. As a result, the S&P 500 and the Nasdaq Composite increased, with the S&P 500 achieving its […]

Read More
Default Thumbnail

JULY 22, 2024

SET FOR APPROVAL The Securities and Exchange Commission (SEC) is set to approve spot Ethereum exchange-traded funds (ETFs) today, signaling the introduction of a second cryptocurrency investment option that is anticipated to attract significant investor capital. Let’s remember that these proposed funds will track the digital token of the Ethereum blockchain, and are scheduled to […]

Read More
Default Thumbnail

MARKET RECAP – JULY 19, 2024

STOCK MARKET Dow Jones ended at $40,287.53 (-0.93%) S&P 500 ended at $5,505.00 (-0.71%) Nasdaq Composite ended at $17,726.94 (-0.81%) The stock market ended the week with a downward trend due to the recent rotation out of big tech stocks, in favor of smaller and more cyclical names. As mentioned on previous posts, investors are […]

Read More