STOCK MARKET
Dow Jones ended at $44,860.31 (+0.28%)
S&P 500 ended at $6,021.63 (+0.57%)
Nasdaq Composite ended at $19,174.30 (+0.63%)
The stock market has continued with an upward trend for consecutive sessions because investors have been able to shake off the threat of new tariffs from President-elect Donald Trump. Market participants believe that the tariffs are more bluster and negotiating tactics than actual implementation. This has helped boost investor confidence, and as a result, the Nasdaq Composite, the S&P 500 and the Dow Jones Industrial Average all increased, with the last two indexes reaching new record highs. Furthermore, let’s recall that the appointment of Trump’s Treasury secretary pick also helped bolster the belief that the post-election rally is back in full gear. Thus, despite some individual names and funds struggling due to potential impacts from Trump’s policies, the overall market has remained positive. Moreover, it is worth noting that with the U.S. market closed for the Thanksgiving holiday, trading volume is expected to remain light, but the upward trend is likely to continue.
CRYPTO MARKET
Bitcoin fell by 4.16% for the day, with a value of $90,992.50 as of 3:00 PM CST, as stated by Coin Metrics.
