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MARKET RECAP – OCTOBER 1, 2024

Written By: Jenny Galeano Gamboa

October 1, 2024

STOCK MARKET

Dow Jones ended at $42,156.97 (-0.41%)

S&P 500 ended at $5,708.75 (-0.93%)

Nasdaq Composite ended at $17,910.36 (-1.53%)

The stock market began the month with losses across all major indexes due to increasing tensions in the Middle East, particularly after Iran fired missiles at Israel. This led to a spike in crude oil prices and raised concerns among traders, resulting in a decrease in the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite. Moreover, the rise in the CBOE Volatility Index also indicated growing fear and uncertainty among investors.

CRYPTO MARKET

Bitcoin fell by 3.49% for the day, with a value of $61,232.30 as of 3:00 PM CST, as stated by Coin Metrics.

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