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MARKET RECAP – MARCH 26, 2024

Written By: Jenny Galeano Gamboa

March 26, 2024

STOCK MARKET

Dow Jones ended at $39,282.33 (-0.08%)

S&P 500 ended at $5,203.58 (-0.28%)

Nasdaq Composite ended at $16,315.70 (-0.42%)

The stock market continued with a downward trend as although specific sectors like electric vehicles and technology showed positive momentum, the broader market saw a decline for the second day in a row. This was due to the uncertainty stemming from the contrasting economic data, including stronger orders for durable goods and decreased consumer confidence. As a result, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, all decreased. Moreover, it is worth noting that despite the winning streak we have witnessed throughout the month, as of now the overall market remains cautious, awaiting for additional economic indicators before making significant moves

CRYPTO MARKET

Bitcoin fell by 1.83% for the day, with a value of $69,539.68 as of 3:00 PM CST, as stated by Coin Metrics.

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