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MARKET RECAP – MAY 2, 2023

Written By: Jenny Galeano Gamboa

May 2, 2023

STOCK MARKET

Dow Jones ended at $33,684.53 (-1.08%)

S&P 500 ended at $4,119.58 (-1.16%)

Nasdaq Composite ended at $12,080.51 (-1.08%)

The stock market saw declines on all major indexes for a second consecutive session due to concerns about the regional banking sector. Consequently, the the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all experienced noticeable losses.

CRYPTO MARKET

Bitcoin rose by 2.84% with a value of $28,721.66 as of 3:00 PM CST, as stated by Coin Metrics.

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