Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

MARKET RECAP – NOVEMBER 27, 2023

Written By: Jenny Galeano Gamboa

November 27, 2023

STOCK MARKET

Dow Jones ended at $35,333.47 (-0.16%)

S&P 500 ended at $4,550.43 (-0.20%)

Nasdaq Composite ended at $14,241.02 (-0.07%)

The stock market began the week with losses across all major indexes as although Black Friday e-commerce spending had increased, some U.S. retailers had warned that consumer spending is weakening. This raised concerns about the impact of the Federal Reserve’s rate hikes on the broader economy. Additionally, the market was in short-term overbought conditions, and there were speculations about the bond market’s influence on equities. Consequently, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all decreased slightly.

CRYPTO MARKET

Bitcoin fell by 1.91% for the day, with a value of $36,802.56 as of 3:00 PM CST, as stated by Coin Metrics.

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

MARKET RECAP – JULY 2024

STOCK MARKET Dow Jones ended at $40,589.34 (+1.64%) S&P 500 ended at $5,459.10 (+1.11%) Nasdaq Composite ended at $17,357.88 (+1.03%) The stock market ended the week with gains across all major indexes primarily due to the bullish inflation report, strong GDP data, and expectations of rate cuts by the Federal Reserve. The positive inflation reinforced […]

Read More
Default Thumbnail

JULY 26, 2024

INFLATION DECLINED According to the latest Personal Consumption Expenditures (PCE) report, there was a slight decrease in inflation in June. The PCE price index, which the Fed uses to measure inflation, increased by 0.1% monthly and 2.5% annually. Core inflation, excluding food and energy, also rose in line with expectations. Moreover, the report showed that […]

Read More
Default Thumbnail

MARKET RECAP – JULY 25, 2024

STOCK MARKET Dow Jones ended at $39,935.07 (+0.20%) S&P 500 ended at $5,399.22 (-0.51%) Nasdaq Composite ended at $17,181.72 (-0.93%) The stock market experienced mixed results as a result of a rotation in the market from megacap tech stocks to small-cap and cyclical areas, driven by changing market sentiment. Disappointing tech earnings reports put pressure […]

Read More
Default Thumbnail

MARKET RECAP – JULY 2024

STOCK MARKET Dow Jones ended at $40,589.34 (+1.64%) S&P 500 ended at $5,459.10 (+1.11%) Nasdaq Composite ended at $17,357.88 (+1.03%) The stock market ended the week with gains across all major indexes primarily due to the bullish inflation report, strong GDP data, and expectations of rate cuts by the Federal Reserve. The positive inflation reinforced […]

Read More
Default Thumbnail

JULY 26, 2024

INFLATION DECLINED According to the latest Personal Consumption Expenditures (PCE) report, there was a slight decrease in inflation in June. The PCE price index, which the Fed uses to measure inflation, increased by 0.1% monthly and 2.5% annually. Core inflation, excluding food and energy, also rose in line with expectations. Moreover, the report showed that […]

Read More
Default Thumbnail

MARKET RECAP – JULY 25, 2024

STOCK MARKET Dow Jones ended at $39,935.07 (+0.20%) S&P 500 ended at $5,399.22 (-0.51%) Nasdaq Composite ended at $17,181.72 (-0.93%) The stock market experienced mixed results as a result of a rotation in the market from megacap tech stocks to small-cap and cyclical areas, driven by changing market sentiment. Disappointing tech earnings reports put pressure […]

Read More