STOCK MARKET
Dow Jones ended at $42,387.57 (+0.65%)
S&P 500 ended at $5,823.52 (+0.27%)
Nasdaq Composite ended at $18,567.19 (+0.26%)
The stock market began the week on a positive note due to investors’ optimism and positive outlook. As a result, the Dow Jones Industrial Average and the S&P 500 recovered from the losses they had experienced in the last trading session, while the Nasdaq Composite continued its upward trend. Investors are currently optimistic about the batch of megacap technology earnings, and these are expected to drive the Nasdaq to new heights. Additionally, softening oil prices, driven by weekend airstrikes by Israel against Iran that did not target key oil facilities, contributed to a decrease in oil futures and boosted stocks. The stabilization of the geopolitical situation also helped improve overall risk sentiment. Moreover, investors are looking towards the upcoming key economic data releases due this week, including the preliminary reading on third-quarter gross domestic product, the September personal consumption expenditures price index, and the October jobs report.
CRYPTO MARKET
Bitcoin rose by 2.89% for the day, with a value of $69,634.79 as of 3:00 PM CST, as stated by Coin Metrics.
