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MARKET RECAP – NOVEMBER 19, 2024

Written By: Jenny Galeano Gamboa

November 19, 2024

STOCK MARKET

Dow Jones ended at $43,268.94 (-0.28%)

S&P 500 ended at $5,916.98 (+0.40%)

Nasdaq Composite ended at $18,987.47 (+1.04%)

The stock market witnessed mixed performances as investors weighed the positive earnings reports from companies such as Nvidia, Walmart, and Tesla against rising geopolitical tensions between Ukraine and Russia. As a result, the Nasdaq Composite and the S&P 500 saw gains for a second consecutive day, although the Dow Jones Industrial Average dipped slightly. Technology stocks performed well, but concerns about escalating tensions and potential market volatility caused investors to move towards safe haven assets like Treasury bonds and gold. It is worth noting that the overall trend in the market remains positive, but the geopolitical risks are causing some uncertainty and selling pressure.

CRYPTO MARKET

Bitcoin rose by 1.26% for the day, with a value of $92,765.00 as of 3:00 PM CST, as stated by Coin Metrics.

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