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MARKET RECAP – NOVEMBER 17, 2023

STOCK MARKET

Dow Jones ended at $34,947.28 (+0.01%)

S&P 500 ended at $4,514.02 (+0.13%)

Nasdaq Composite ended at $14,125.48 (+0.08%)

The stock market ended the week on a positive note due to a red-hot November rally, with the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite all increasing. Although the gains were small, with the Dow and the Nasdaq remaining almost unchanged, it is worth remarking that all three indexes have increased for a third consecutive week. The rise was fueled by tame U.S. inflation data, which gave hope to investors that the worst of inflation and the Federal Reserve’s tough stance on rate policy may be behind, leading to 7.7%, 5.8%, and 10% gains respectively for the S&P 500, Dow, and Nasdaq in November.

CRYPTO MARKET

Bitcoin rose by 1.55% for the day, with a value of $36,515.41 as of 3:00 PM CST, as stated by Coin Metrics.

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