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MARKET RECAP – MARCH 23, 2023

STOCK MARKET

Dow Jones ended at $38,574 (+0.28%)

S&P ended at $4,000 (+0.29%)

Nasdaq Composite ended at $52.49 (-0.85%)

As investors expect Federal Reserve to cease its rate-hiking soon, the stock market had some gains today S&P 500 went up by 0.29%, the Nasdaq Composite by 1%, and the Dow Jones Industrial Average by 0.23%. Before easing back down, there was a point in which the Dow Jones Industrial Average increased by as much as 481.38 points, and the overall market index and the Nasdaq increased by as much as 1.8% and 2.5% correspondingly.

CRYPTO MARKET

Bitcoin’s price shot up by over 4%, reaching a value of $28,290.71 as of 3:00 PM CDT, as stated by Coin Metrics.

The rise in cryptocurrency values can also be linked to optimistic expectations surrounding the Fed’s interest rate, as well as a decrease in nervousness among investors regarding the ongoing banking system crisis on Wall Street.

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MARKET RECAP – JUNE 24, 2024

STOCK MARKET Dow Jones ended at $39,411.21 (+0.67%) S&P 500 ended at $5,447.87 (-0.31%) Nasdaq Composite ended at $17,496.82 (-1.09%) The stock market has continued its trend of mixed performances as there was a sector rotation. Investors moved away from big technology names, leading to declines in the tech-heavy Nasdaq Composite and the S&P 500, […]

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JUNE 24, 2024

CRYPTOS PLUNGED The cryptocurrency market is currently experiencing significant losses, marked by its second-largest weekly drop in 2024. This downturn reflects decreasing demand for Bitcoin exchange-traded funds (ETFs) and ongoing uncertainties surrounding monetary policy. An index from Bloomberg tracking the top 100 digital assets reported a 5% decline over the past week, the steepest since […]

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MARKET RECAP – JUNE 21, 2024

STOCK MARKET Dow Jones ended at $39,150.33 (+0.04%) S&P 500 ended at $5,464.62 (-0.16%) Nasdaq Composite ended at $17,689.36 (-0.18%) The stock market ended the week with mixed performances primarily due to the influential decline of the major player in the technology sector, Nvidia, which dragged down the S&P 500 and Nasdaq Composite. Meanwhile, the […]

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