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MARKET RECAP – MAY 8, 2023

Written By: Jenny Galeano Gamboa

May 8, 2023

STOCK MARKET

Dow Jones ended at $33,618.69 (-0.17%)

S&P 500 ended at $4,138.12 (+0.05%)

Nasdaq Composite ended at $12,256.92 (+0.18%)

The stock market saw mixed performances with major indexes showing varied results. The S&P 500 remained almost unchanged as investors awaited important reports addressing inflation. Meanwhile, the Nasdaq Composite experienced a small increase and the Dow Jones Industrial Average decreased slightly.

CRYPTO MARKET

Bitcoin fell by 5.38% with a value of $27,398.30 as of 3:00 PM CST, as stated by Coin Metrics.

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