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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.


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.

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JUNE 17, 2024

METALS SLID Metal prices have experienced a decline, particularly in gold, which decreased by 0.65% to $2,334 per troy ounce, alongside a strengthening U.S. dollar. This uptick in the greenback is attributed to expectations of fewer interest rate cuts by the Federal Reserve, following hawkish commentary. The market is also optimistic about lower-than-expected inflation figures […]

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STOCK MARKET Dow Jones ended at $38,589.16 (-0.15%) S&P 500 ended at $5,431.60 (-0.04%) Nasdaq Composite ended at $17,688.88 (+0.12%) The stock market ended the week with mixed performances following the decline in consumer sentiment reported by the University of Michigan’s Survey of Consumers. This, combined with profit-taking after a strong rally and concerns about […]

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JUNE 14, 2024

RISE DUE TO OPTIMISM Gold prices have increased and seem to be heading for their first weekly gain in four weeks due to the current speculation about a potential Federal Reserve interest rate cut. Following the latest inflation data, the probability of a U.S. interest rate cut in September has surged to 67%, backed by […]

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