Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

MARKET RECAP – MAY 3, 2024

STOCK MARKET

Dow Jones ended at $38,678.68 (+1.18%)

S&P 500 ended at $5,127.79 (+1.26%)

Nasdaq Composite ended at $16,156.33 (1.99%)

Big news in the stock market today as US stocks soared, mainly thanks to strong earnings from Apple. This upbeat news boosted investor confidence. In other news, the latest job report showed fewer jobs added last month than expected, which has led some to believe that the Federal Reserve might lower interest rates soon. This speculation has grown because a cooling job market can prompt the Fed to make borrowing cheaper to encourage spending and investment. Market watchers now see a good chance that interest rates could be cut by September. This could have broader impacts on the economy, affecting everything from job opportunities to consumer prices.

CRYPTO MARKET

Bitcoin rose by 4.78% for the day, with a value of $62,032.67 as of 3:00 PM CST, as stated by Coin Metrics.

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

MARKET RECAP – MAY 22, 2024

STOCK MARKET Dow Jones ended at $39,671.04 (-0.51%) S&P 500 ended at $5,307.01 (-0.27%) Nasdaq Composite ended at $16,801.54 (-0.18%) The stock market experienced losses across all major indexes due to concerns about persistent inflation raised by the minutes from the Federal Reserve’s May meeting. The possibility of the central bank not cutting interest rates […]

Read More
Default Thumbnail

MAY 22, 2024

RISING ONCE AGAIN BlackRock’s Bitcoin exchange-traded fund (ETF) in the U.S. has recently received a surge in investments as the price of Bitcoin climbs above $70,000. With over $290 million in inflows, yesterday was a remarkable day for the IBIT ETF as it recorded its highest one-day inflow in months. This uptick in activity follows […]

Read More
Default Thumbnail

MARKET RECAP – MAY 21, 2024

STOCK MARKET Dow Jones ended at $39,872.99 (+0.17%) S&P 500 ended at $5,321.41 (+0.25%) Nasdaq Composite ended at $16,832.99 (+0.17%) The stock market witnessed gains across all major indexes, with the S&P 500 and Nasdaq Composite reaching new records, driven by investor excitement over Nvidia’s upcoming earnings report and the continued enthusiasm for artificial intelligence […]

Read More