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MARKET RECAP – NOVEMBER 7, 2023

STOCK MARKET

Dow Jones ended at $34,152.60 (+0.17%)

S&P 500 ended at $4,378.38 (+0.28%)

Nasdaq Composite ended at $13,639.86 (+0.90%)

The stock market witnessed gains across all major indexes for a seventh consecutive session following the rise in technology and semiconductor stocks as yields pulled back, which led to a rebound in growth parts of the market. Additionally, a cooldown in oil prices contributed to positive sentiment around inflation, offering some relief at the pump. Moreover, strong quarterly results and outlook from companies such as Datadog and Uber also contributed to gains. Consequently, following these positive events, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all increased, with the S&P 500 and the Nasdaq securing their best winning streaks since 2021.

CRYPTO MARKET

Bitcoin rose by 1.93% with a value of $35,654.97 as of 3:00 PM CST, as stated by Coin Metrics.

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