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MARKET RECAP – MARCH 18, 2024

STOCK MARKET

Dow Jones ended at $38,790.43 (+0.20%)

S&P 500 ended at $5,149.42 (+0.63%)

Nasdaq Composite ended at $16,103.45 (+0.82%)

The stock market began the week on positive note following the last two weeks of losses as all major indexes rose following the excitement surrounding Nvidia’s GTC Conference and news of Apple potentially including Google’s AI in iPhones. This led to gains in tech stocks after weeks of losses for the S&P 500 and Nasdaq Composite. In addition, despite concerns sparked by higher-than-expected inflation readings, investors expect unchanged interest rates in the upcoming Federal Reserve’s policy meeting, which contributed to the market rally. Consequently, the Dow Jones Industrial Average also joined the upward trend.

CRYPTO MARKET

Bitcoin fell by 1.95% for the day, with a value of $66,989.56 as of 3:00 PM CST, as stated by Coin Metrics.

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