STOCK MARKET
Dow Jones ended at $42,931.60 (-0.80%)
S&P 500 ended at $5,853.98 (-0.18%)
Nasdaq Composite ended at $18,540.01 (+0.27%)
The stock market has started off the week with mixed performances, with the Dow Jones Industrial Average falling and the S&P 500 slipping, while the Nasdaq Composite saw a slight rise. The fall in the Dow was attributed to a rise in Treasury yields and concerns about higher interest rates, impacting consumer and homebuilder stocks. Moreover, as investors eagerly await new earnings reports, with a significant portion of the S&P 500 set to report this week, it is worth noting that although initial results have shown positive outcomes, overall earnings expectations for the quarter have been lowered. Thus, despite a general optimism about further market growth, investors remain cautious due to stretched valuations and potential geopolitical risks that could lead to increased volatility in the market.
CRYPTO MARKET
Bitcoin fell by 1.14% for the day, with a value of $67,723.26 as of 3:00 PM CST, as stated by Coin Metrics.
