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MARKET RECAP – MAY 3, 2023

Written By: Jenny Galeano Gamboa

May 3, 2023

STOCK MARKET

Dow Jones ended at $33,414.24 (-0.80%)

S&P 500 ended at $4,090.75 (-0.70%)

Nasdaq Composite ended at $12,025.33 (-0.46%)

The stock market saw declines on all major indexes despite optimism earlier today. As expected, the Federal Reserve increased rates by 25 basis points, causing the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all experience drops in their respective values.

CRYPTO MARKET

Bitcoin fell by 1.59% with a value of $28,320.44 as of 3:00 PM CST, as stated by Coin Metrics.

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