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MARKET RECAP – MARCH 27, 2024

Written By: Jenny Galeano Gamboa

March 27, 2024

STOCK MARKET

Dow Jones ended at $39,760.09 (+1.22%)

S&P 500 ended at $5,248.49 (+0.86%)

Nasdaq Composite ended at $16,399.52 (+0.51%)

The stock market witnessed gains across all major indexes, rebounding from the recent three-day losing streak. This was due to positive earnings reports from companies like Cintas and news of Merck’s FDA approval for a new treatment contributed to the market’s upward movement. As a result, the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all increased, with the Dow rising by over 1%. Moreover, it is worth noting that despite the recent pullbacks experienced in the stock market, all three indexes are still on track to end the trading month and quarter in positive territory. This positive trend would be the best first-quarter gain for the S&P 500 and the Dow since 2019 and 2021, respectively.

CRYPTO MARKET

Bitcoin fell by 1.55% for the day, with a value of $68,664.15 as of 3:00 PM CST, as stated by Coin Metrics.

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