STOCK MARKET
Dow Jones ended at $38,852.86 (-0.55%)
S&P 500 ended at $5,306.04 (+0.02%)
Nasdaq Composite ended at $17,019.88 (+0.59%)
The stock market began the trading week with mixed performances because while the Nasdaq closed at a record level above 17,000 for the first time, the Dow slid over fell. Nvidia’s strong performance boosted the Nasdaq, but the broader market showed signs of trouble with more than 350 stocks in the S&P 500 tracking for losses. Weak demand at a government auction led to a rise in the 10-year Treasury yield, impacting market sentiment. Minneapolis Federal Reserve President Neel Kashkari’s comments on inflation and interest rates also influenced investor outlook. Despite a strong month in May, with all three major indexes reaching record levels, the market could experience some choppiness in the near term. Investors are now looking ahead to key economic data, including the PCE inflation reading for April, to gauge the market’s direction.
CRYPTO MARKET
Bitcoin fell by 1.78% for the day, with a value of $68,347.03 as of 3:00 PM CST, as stated by Coin Metrics.
