STOCK MARKET
Dow Jones ended at $42,114.40 (-0.61%)
S&P 500 ended at $5,808.12 (-0.33%)
Nasdaq Composite ended at $18,518.61 (+0.56%)
The stock market ended the week with mixed performances as the Nasdaq Composite reached a new all-time high, while the S&P 500 and the Dow Jones Industrial Average saw losses. The gains reported by the Nasdaq were propelled by the strength of megacap tech stocks such as Nvidia, Meta Platforms, Amazon, and Microsoft. These companies experienced gains in anticipation of their upcoming earnings reports, boosting the overall performance of the tech-heavy index. Meanwhile, the Dow decreased as companies like HCA Healthcare and Colgate-Palmolive reported negative impacts on their earnings and guidance. Moreover, the rise in bond yields also contributed to uncertainty in the market, causing some investors to pause and assess the situation. Overall, the mixed performances can be attributed to earnings reports, bond yields, and market uncertainty.
CRYPTO MARKET
Bitcoin fell by 3.03% for the day, with a value of $66,732.50 as of 3:00 PM CST, as stated by Coin Metrics.
