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MARKET RECAP – NOVEMBER 18, 2024

Written By: Jenny Galeano Gamboa

November 18, 2024

STOCK MARKET

Dow Jones ended at $43,389.60 (-0.13%)

S&P 500 ended at $5,893.62 (+0.39%)

Nasdaq Composite ended at $18,791.81 (+0.60%)

The stock market began the week with mixed performances, with the Nasdaq closing higher thanks to a surge in Tesla shares. The S&P 500 also saw gains, while the Dow Jones Industrial Average experienced a slight decline. Investors are eagerly anticipating major earnings reports, including one from Nvidia, and are closely monitoring the performance of key retailers to gauge the overall health of the economy. Concerns about interest rates following comments from Federal Reserve Chair Jerome Powell also contributed to the mixed performance. Furthermore, positive news from companies like CVS Health and Super Micro Computer helped boost investor sentiment amid the market uncertainties.

CRYPTO MARKET

Bitcoin rose by 2.21% for the day, with a value of $91,175.25 as of 3:00 PM CST, as stated by Coin Metrics.

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