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

MARKET RECAP – NOVEMBER 4, 2024

Written By: Jenny Galeano Gamboa

November 4, 2024

STOCK MARKET

Dow Jones ended at $41,794.60 (-0.61%)

S&P 500 ended at $5,712.69 (-0.28%)

Nasdaq Composite ended at $18,179.98 (-0.33%)

The stock market began the week with losses across all major indexes due to investors’ concerns surrounding the U.S. presidential election and the potential Federal Reserve rate cut. The uncertainty about the election outcome, with polls showing a close race between Trump and Harris, caused market volatility as investors tried to price in the potential impact of different election scenarios. Additionally, the rejection of a request to increase nuclear power at a plant in Pennsylvania and the upcoming Fed rate decision added to market unease. Thus, although the recent announcement that Nvidia would replace Intel in the Dow Jones Industrial Average helped stabilize the market temporarily, the Dow, the S&P 500 and the Nasdaq Composite all ended on the negative side.

CRYPTO MARKET

Bitcoin fell by 1.96% for the day, with a value of $67,416.94 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- DECEMBER 11, 2024

STOCK MARKET Dow Jones ended at $44,158.56 (-0.22%) S&P 500 ended at $6,084.19 (+0.82%) Nasdaq Composite ended at $20,034.89 (+1.77%) The stock market witnessed mixed performances, with the S&P 500 and Nasdaq Composite recovering from the losses both indexes experienced in the last two trading sessions, while the Dow Jones Industrial Average continued to decrease. […]

Read More
Default Thumbnail

DECEMBER 11, 2024

PRICE HIKES In November, consumer prices increased at a faster rate, with an annual inflation rate of 2.7%. This rise was in line with expectations and signals ongoing concerns about inflation for households and policymakers. Moreover, excluding food and energy costs, core CPI stood at 3.3% annually. As of now, expectations remain optimistic that the […]

Read More
Default Thumbnail

MARKET RECAP – DECEMBER 10, 2024

STOCK MARKET Dow Jones ended at $44,247.83 (-0.35%) S&P 500 ended at $6,034.91 (-0.30%) Nasdaq Composite ended at $19,687.24 (-0.25%) The stock market witnessed losses for a second consecutive trading session primarily due to traders digesting a year-end rally to record levels and awaiting new U.S. inflation data set for release. Additionally, as Oracle shares […]

Read More
Default Thumbnail

MARKET RECAP- DECEMBER 11, 2024

STOCK MARKET Dow Jones ended at $44,158.56 (-0.22%) S&P 500 ended at $6,084.19 (+0.82%) Nasdaq Composite ended at $20,034.89 (+1.77%) The stock market witnessed mixed performances, with the S&P 500 and Nasdaq Composite recovering from the losses both indexes experienced in the last two trading sessions, while the Dow Jones Industrial Average continued to decrease. […]

Read More
Default Thumbnail

DECEMBER 11, 2024

PRICE HIKES In November, consumer prices increased at a faster rate, with an annual inflation rate of 2.7%. This rise was in line with expectations and signals ongoing concerns about inflation for households and policymakers. Moreover, excluding food and energy costs, core CPI stood at 3.3% annually. As of now, expectations remain optimistic that the […]

Read More
Default Thumbnail

MARKET RECAP – DECEMBER 10, 2024

STOCK MARKET Dow Jones ended at $44,247.83 (-0.35%) S&P 500 ended at $6,034.91 (-0.30%) Nasdaq Composite ended at $19,687.24 (-0.25%) The stock market witnessed losses for a second consecutive trading session primarily due to traders digesting a year-end rally to record levels and awaiting new U.S. inflation data set for release. Additionally, as Oracle shares […]

Read More