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MARKET RECAP – MAY 18, 2023

Written By: Jenny Galeano Gamboa

May 18, 2023

STOCK MARKET

Dow Jones ended at $33,535.91 (+0.34%)

S&P 500 ended at $4,198.05 (+0.94%)

Nasdaq Composite ended at $12,688.84 (+1.51%)

The stock market experienced gains on all major indexes for a second consecutive session due to the persistent optimism surrounding the U.S. debt ceiling. As a result, the S&P 500 and the Nasdaq Composite increased, and while the Dow Jones Industrial Average had low values over the course of the day, it joined the upward trend.

CRYPTO MARKET

Bitcoin fell by 2.50% with a value of $26,719.00 as of 3:00 PM CST, as stated by Coin Metrics.

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