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MARKET RECAP – NOVEMBER 20, 2024

Written By: Jenny Galeano Gamboa

November 20, 2024

STOCK MARKET

Dow Jones ended at $43,408.47 (+0.32%)

S&P 500 ended at $5,917.11 (+0.00%)

Nasdaq Composite ended at $18,966.14 (-0.11%)

The stock market saw mixed performances once again as investors awaited Nvidia’s earnings report and assessed disappointing results from retailer Target, causing uncertainty among traders. Additionally, geopolitical tensions between Russia and Ukraine, combined with cautious comments from Federal Reserve Chair Jerome Powell on rate cuts, added to market jitters. As a result the S&P 500 remained unchanged, while the Nasdaq Composite decreased. Moreover, it is worth noting that the potential impact of negative news or spending trends from Nvidia’s report led to some of the losses experienced by the Nasdaq. Overall, the stock market did not experience a very positive day, nevertheless, it is important to remark that stocks are still having a historic year. Furthermore, the Dow Jones Industrial Average managed to recover from the losses it had experienced in the past two trading sessions.

CRYPTO MARKET

Bitcoin rose by 1.53% for the day, with a value of $94,359.74 as of 3:00 PM CST, as stated by Coin Metrics.

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