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

MARKET RECAP – NOVEMBER 6, 2023

STOCK MARKET

Dow Jones ended at $34,095.86 (+0.10%)

S&P 500 ended at $4,365.98 (+0.18%)

Nasdaq Composite ended at $13,518.78 (+0.30%)

The stock market began the week with gains across all major indexes as it continued to build on the strong rally from the previous week. Consequently, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all increased slightly, with the Nasdaq recording its longest positive streak since January. The market is currently in a consolidation phase, pausing to digest the recent gains and waiting for the next bullish catalyst, which may come in the form of statements from Federal Reserve Chair Jerome Powell or upcoming earnings reports. Bond yields also reversed last week’s trend and moved higher, and seasonal tailwinds in November could contribute to the stock market’s recovery.

CRYPTO MARKET

Bitcoin fell by 0.08% with a value of $35,036.94 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 – NOVEMBER 7, 2024

STOCK MARKET Dow Jones ended at $43,729.33 (-0.00%) S&P 500 ended at $5,973.10 (+0.74%) Nasdaq Composite ended at $19,269.46 (+1.51%) The stock market witnessed mixed performances as the Dow Jones Industrial Average remained unchanged, while the S&P 500 and the Nasdaq Composite closed at record highs, extending a post-election rally following President-elect Donald Trump’s victory, […]

Read More
Default Thumbnail

NOVEMBER 7, 2024

RATE CUT EXPECTED Today, the Federal Reserve is expected to decrease interest rates by 0.25% at their meeting, citing recent data highlighting a robust economy, inflation, and job market disruptions. Nevertheless, it is worth remarking that although the decision seems straightforward based on economic conditions, there are underlying concerns regarding President Trump’s stance on Federal […]

Read More
Default Thumbnail

MARKET RECAP – NOVEMBER 6, 2024

STOCK MARKET Dow Jones ended at $43,729.93 (+3.57%) S&P 500 ended at $5,929.04 (+2.53%) Nasdaq Composite ended at $18,983.47 (+2.95%) The stock market witnessed a significant rally across all major indexes after Donald Trump won the 2024 presidential election. Investors saw Trump’s victory as positive for the economy, as he is viewed as supporting lower […]

Read More