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

MARKET RECAP – MARCH 27, 2023

Written By: Timmy

March 27, 2023

STOCK MARKET

Dow Jones ended at $32,432.08 (+0.6%)

S&P ended at $3,977.53 (+0.16%)

Nasdaq Composite ended at $11,768.84 (-0.47%)

The stock market was mixed today, with gains in some indexes and a decline in the Nasdaq Composite. The blue-chip stock index (Dow Jones Industrial Average) and the S&P 500 showed gains of 0.6% and 0.16%, respectively. The Dow Jones continued its upward trend from last week- indicating that traders are seeking to move past the recent regional bank crisis triggered by SVB’s collapse.

CRYPTO MARKET

Bitcoin fell by 3.18% with a value of $26,958.36 as of 3:00 PM CDT, as stated by Coin Metrics.

Bitcoin’s value decreased after it emerged that the US Commodity Futures Trading Commission (CFTC) is suing the cryptocurrency exchange Binance for allegedly breaking trading rules. Binance is being charged with violating eight rules of a commodities trading law aimed at preventing money laundering and terrorism financing. The lawsuit was filed today in a federal court in Chicago and, if found guilty, there could be negative consequences for Binance’s business.

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