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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.

More ClearValue Insights

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MARKET RECAP – DECEMBER 19, 2024

STOCK MARKET Dow Jones ended at $42,342.24 (+0.04%) S&P 500 ended at $5,867.08 (-0.09%) Nasdaq Composite ended at $19,372.77 (-0.10%) The stock market experienced a weak close as the Dow Jones Industrial Average narrowly snapped its 10-day losing streak, while the S&P 500 and Nasdaq Composite fell. As a result of the current uncertainty surrounding […]

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DECEMBER 2024

TAKING CENTER STAGE Something notable that has occurred this year is the rise in popularity that digital assets like bitcoin have experienced, especially among institutional investors. In fact, U.S. spot-listed bitcoin ETFs have now surpassed Gold ETFs in assets under management, reaching $129.25 billion compared to Gold’s $128.88 billion. In addition, the CME exchange, popular […]

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MARKET RECAP – DECEMBER 18, 2024

STOCK MARKET Dow Jones ended at $42,326.87 (-2.58%) S&P 500 ended at $5,872.16 (-2.95%) Nasdaq Composite ended at $19,392.69 (-3.56%) The stock market experienced significant losses across all major indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, primarily due to a less aggressive rate outlook by the Federal Reserve. The Fed’s […]

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