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MARKET RECAP – MARCH 25, 2024

STOCK MARKET

Dow Jones ended at $39,313.64 (-0.41%)

S&P 500 ended at $5,218.69 (-0.31)

Nasdaq Composite ended at $16,384.47 (-0.27%)

The stock market began the week with losses across all major indexes as the rally that had pushed Wall Street to record levels paused. Concerns about an over-extended rally and higher interest rates, as well as news about China blocking Intel chips and increased scrutiny of United Airlines, led to a decline in stock prices. Despite the recent gains fueled by the Federal Reserve’s rate-cutting timeline and enthusiasm for tech stocks, investors are now cautious about the potential impact of expensive equities and market vulnerability. As a result, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all recorded losses. Overall investor sentiment remains optimistic, but there are worries about a possible market pullback, thus, investors are waiting for further insights on inflation from upcoming data releases to determine the market’s direction.

CRYPTO MARKET

Bitcoin rose by 7.83% for the day, with a value of $71,018.15 as of 3:00 PM CST, as stated by Coin Metrics.

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