STOCK MARKET
Dow Jones ended at $43,988.99 (+0.59%)
S&P 500 ended at $5,995.54 (+0.38%)
Nasdaq Composite ended at $19,286.78 (+0.09%)
The stock market ended the week on a positive note, with the Dow Jones Industrial Average and S&P 500 wrapping up their best week in a year after Donald Trump’s election win. Additionally, although today’s trading session was not as significant for the Nasdaq Composite, the index still managed to end the week on a positive note and it also recorded major gains on previous sessions. The reason behind this week’s rally was the optimism surrounding Trump’s domestic growth policies, deregulation, and potential tax cuts. In addition, the Federal Reserve’s decision to lower interest rates and Chair Jerome Powell’s positive outlook on the economy also boosted market sentiment. Moreover, it is worth noting that specific stocks associated with Trump, such as Tesla and Axon Enterprises, experienced notable gains, and although there are some concerns about stretched valuations and potential market choppiness, experts believe there is still room for further growth in the coming months.
CRYPTO MARKET
Bitcoin rose by 0.45% for the day, with a value of $77,023.88 as of 3:00 PM CST, as stated by Coin Metrics.
