STOCK MARKET
Dow Jones ended at $43,239.05 (+0.37%)
S&P 500 ended at $5,841.47 (-0.04%)
Nasdaq Composite ended at $18,373.61 (+0.02%)
The stock market witnessed mixed performances because while the Dow Jones Industrial Average rallied to a new record close after strong economic data eased fears of a potential recession, there was some volatility and pullback in chip stocks that led to a mixed outcome. Although chipmakers initially boosted the Nasdaq Composite, they gave up some gains towards the market close, resulting in a slightly higher finish. The S&P 500 closed down slightly, contributing to the mixed performance overall. Additionally, while new economic data on robust retail sales and lower jobless claims boosted stocks, there were concerns raised by analysts about seasonal adjustments affecting the interpretation of the data. Thus, although there were positive economic indicators, there was also some uncertainty in the market.
CRYPTO MARKET
Bitcoin fell by 1.36% for the day, with a value of $66,860.77 as of 3:00 PM CST, as stated by Coin Metrics.
