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MARKET RECAP – MAY 19, 2023

Written By: Jenny Galeano Gamboa

May 19, 2023

STOCK MARKET

Dow Jones ended at $33,426.63 (-0.33%)

S&P 500 ended at $4,191.98 (-0.14%)

Nasdaq Composite ended at $12,657.90 (-0.24%)

The stock market ended the week with losses across all major indexes as the Republican party suspended negotiations on the debt ceiling, causing concerns about the possibility of reaching an agreement soon. As a result, the Dow Jones Industrial Average and the Nasdaq Composite experienced declines, and although the S&P 500 also decreased, it reported to have had its best week since March.

CRYPTO MARKET

Bitcoin rose by 0.12% with a value of $26,850.00 as of 3:00 PM CST, as stated by Coin Metrics.

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