STOCK MARKET

Dow Jones ended at $39,806.77 (-0.49%)

S&P 500 ended at $5,308.13 (+0.09%)

Nasdaq Composite ended at $16,794.87 (+0.65%)

The stock market began the week with mixed performances as the Nasdaq Composite and the S&P 500 climbed higher, while the Dow Jones Industrial Average decreased. The gains reported by the S&P 500 and the Nasdaq were due to the increase witnessed by Nvidia, as many analysts remain positive about the tech company. Investors are closely monitoring Nvidia’s fiscal first-quarter results, scheduled to be released on Wednesday afternoon, to gauge the strength of the AI-led rally. Moreover, the losses reported by the Dow were due to the decrease of JPMorgan, which fell by almost 4% as CEO Jamie Dimon announced that the bank would not repurchase shares at their current levels. Nonetheless, despite the Dow’s decrease, it is still worth noting that the stock market had a strong week prior to these mixed performances, with the S&P 500 and Dow posting consecutive winning streaks and record highs. Furthermore, UBS’ experts believe that the market rally has more room for growth from its all-time highs, citing solid economic and earnings growth, the prospect of lower interest rates, and rising investment in AI as key factors creating a supportive backdrop for equities for the rest of the year.

CRYPTO MARKET

Bitcoin rose by 5.89% for the day, with a value of $70,085.22 as of 3:00 PM CST, as stated by Coin Metrics.