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MARKET RECAP – MAY 4, 2023

Written By: Jenny Galeano Gamboa

May 4, 2023

STOCK MARKET

Dow Jones ended at $33,127.74 (-0.86%)

S&P 500 ended at $4,061.22 (-0.72%)

Nasdaq Composite ended at $11,966.40 (-0.49%)

The stock market had a fourth straight day of losses due to renewed concerns about regional banks and Federal Reserve’s announcement of 0.25% increase in interest rates. As a result, the Dow Jones Industrial Average fell further from its 2023 year-start level, while the S&P 500 and Nasdaq Composite also recorded declines.

CRYPTO MARKET

Bitcoin rose by 1.82% with a value of $28,864.56 as of 3:00 PM CST, as stated by Coin Metrics.

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