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MARKET RECAP – MAY 1, 2023

Written By: Jenny Galeano Gamboa

May 1, 2023

STOCK MARKET

Dow Jones ended at $34,051.70 (-0.14%)

S&P 500 ended at $4,167.87 (-0.04%)

Nasdaq Composite ended at $12,212.60 (-0.11%)

The stock market experienced small losses across all major indexes after the recent government takeover of First Republic Bank and its subsequent sale to JPMorgan Chase. As a result, the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite each saw modest declines.

CRYPTO MARKET

Bitcoin fell by 5.26% with a value of $27,832.67 as of 3:00 PM CST, as stated by Coin Metrics.

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