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MARKET RECAP – MAY 23, 2023

STOCK MARKET

Dow Jones ended at $33,055.51 (-0.69%)

S&P 500 ended at $4,145.58 (-1.12%)

Nasdaq Composite ended at $12,560.25 (-1.26%)

The stock market experienced losses across all major indexes as U.S. debt ceiling negotiations did not show significant progress. As a result, the Dow Jones Industrial Average decreased slightly, while the S&P 500 the Nasdaq Composite also declined.

CRYPTO MARKET

Bitcoin rose by 1.25% with a value of $27,191.00 as of 3:00 PM CST, as stated by Coin Metrics.

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