STOCK MARKET
Dow Jones ended at $33,433.35 (-0.22%)
S&P 500 ended at $4,288.39 (+0.01%)
Nasdaq Composite ended at $13,307.77 (+0.67%)
The stock market began the month with mixed performances despite the short-term agreement reached by U.S. legislators to avoid a government shutdown. Consequently, the Dow Jones Industrial Average experienced a slight decline, while the S&P 500 remained relatively unchanged and the Nasdaq Composite achieved a modest gain. The small-cap focused Russell 2000 faced significant losses, signaling potential troubles among small-cap stocks and raising concerns about the overall health of the economy. Nonetheless, on the positive side, the technology, communications services, and consumer discretionary sectors showed strength. Moreover, it is worth noting that the passing of the continuing resolution to keep the government open through mid-November provided some relief, though historically, the market has not been greatly influenced by government shutdowns. Instead, market conditions, improvements in key economic areas like housing and manufacturing, and labor market stability are expected to be more significant factors moving forward.
CRYPTO MARKET
Bitcoin rose by 3.20% with a value of $27,972.00 as of 3:00 PM CST, as stated by Coin Metrics.
