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MARKET RECAP – NOVEMBER 8, 2023

STOCK MARKET

Dow Jones ended at $34,112.27 (-0.13%)

S&P 500 ended at $4,382.78 (+0.10%)

Nasdaq Composite ended at $13,650.41 (+0.08%)

The stock market witnessed mixed results, with the S&P 500 and the Nasdaq Composite increasing for an eighth consecutive session, while the Dow Jones Industrial Average decreased slightly. Experts believe that the Federal Reserve may be taking a break soon, and the economy is slowing but still okay. Moreover, the latest earnings reports were mixed as some companies, like Rivian and Warner Bros. Discovery, did not do so well in their recent financial reports, while others, like Roblox, did great. Nonetheless, despite the mixed performances, it is worth to highlight that as earnings season is nearly over, most companies have exceeded their earnings estimates. Furthermore, experts are eagerly waiting for more news from the Federal Reserve and further earnings reports to see what will happen next.

CRYPTO MARKET

Bitcoin rose by 0.04% with a value of $35,639.98 as of 3:00 PM CST, as stated by Coin Metrics.

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