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

MARKET RECAP – MARCH 23, 2023

Written By: Timmy

March 27, 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

Default Thumbnail

SEPTEMBER 13, 2024

MINOR MOVES Over the past 24 hours, the cryptocurrency market has seen minor fluctuations in the prices of major tokens such as Bitcoin (BTC) and Ether (ETH), with slight declines reported. However, XRP and Dogecoin (DOGE) were notable exceptions, experiencing gains of 5% and 4.5% respectively. The launch of a professional fund for XRP by […]

Read More
Default Thumbnail

MARKET RECAP – SEPTEMBER 12, 2024

STOCK MARKET Dow Jones ended at $41,096.77 (+0.58%) S&P 500 ended at $5,595.76 (+0.75%) Nasdaq Composite ended at $17,569.68 (+1.00%) The stock market experienced gains across all major indexes for a second trading session due to investors shaking off a tough start to September and buying the dip in tech stocks in anticipation of a […]

Read More
Default Thumbnail

SEPTEMBER 12, 2024

MODERATE RISE In August, wholesale prices in the U.S. increased in line with expectations, with the producer price index (PPI) rising by 0.2% for final demand goods and services. Excluding food and energy, the increase was slightly higher at 0.3%. This increase in wholesale prices comes as the Federal Reserve prepares to lower interest rates. […]

Read More
Default Thumbnail

SEPTEMBER 13, 2024

MINOR MOVES Over the past 24 hours, the cryptocurrency market has seen minor fluctuations in the prices of major tokens such as Bitcoin (BTC) and Ether (ETH), with slight declines reported. However, XRP and Dogecoin (DOGE) were notable exceptions, experiencing gains of 5% and 4.5% respectively. The launch of a professional fund for XRP by […]

Read More
Default Thumbnail

MARKET RECAP – SEPTEMBER 12, 2024

STOCK MARKET Dow Jones ended at $41,096.77 (+0.58%) S&P 500 ended at $5,595.76 (+0.75%) Nasdaq Composite ended at $17,569.68 (+1.00%) The stock market experienced gains across all major indexes for a second trading session due to investors shaking off a tough start to September and buying the dip in tech stocks in anticipation of a […]

Read More
Default Thumbnail

SEPTEMBER 12, 2024

MODERATE RISE In August, wholesale prices in the U.S. increased in line with expectations, with the producer price index (PPI) rising by 0.2% for final demand goods and services. Excluding food and energy, the increase was slightly higher at 0.3%. This increase in wholesale prices comes as the Federal Reserve prepares to lower interest rates. […]

Read More