STOCK MARKET
Dow Jones ended at $33,274.58 (+0.67%)
S&P 500 ended at $4,237.86 (+1.05%)
Nasdaq Composite ended at $13,061.47 (+1.64%)
The stock market started off the month on a positive note as the Federal Reserve kept interest rates unchanged for a second consecutive time. This decision reassured investors that the central bank would likely maintain this stance for the remainder of the year, providing stability and confidence in the market. Consequently, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all increased, with the last two indexes increasing even further after information technology stocks outperformed, particularly semiconductor companies like Advanced Micro Devices and Micron Technology, which saw significant gains. Moreover, bond yields also slid following the rate decision, which further boosted equities.
CRYPTO MARKET
Bitcoin rose by 0.20% with a value of $34,565.45 as of 3:00 PM CST, as stated by Coin Metrics.
