Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

MARKET RECAP – OCTOBER 3, 2024

Written By: Jenny Galeano Gamboa

October 3, 2024

STOCK MARKET

Dow Jones ended at $42,011.59 (-0.44%)

S&P 500 ended at $5,699.94 (-0.17%)

Nasdaq Composite ended at $17,918.48 (-0.04%)

The stock market is on a downward trend again as tensions in the Middle East continue to escalate, particularly with Iran launching a missile attack on Israel and Israel starting a ground operation into Lebanon. These geopolitical uncertainties are dampening investors’ enthusiasm and leading to a broader market sell-off. Additionally, the spike in oil prices due to the growing fears is contributing to the negative sentiment in the market, and although the energy stocks have rallied, the overall market performance is bleak, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all reporting losses.

CRYPTO MARKET

Bitcoin rose by 1.18% for the day, with a value of $60,970.15 as of 3:00 PM CST, as stated by Coin Metrics.

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

OCTOBER 3, 2024

UNDER PRESSURE Despite Bitwise’s recent ETF filing for XRP, the cryptocurrency is currently experiencing uncertainty and a potential downward trend due to regulatory issues. The U.S. Securities and Exchange Commission (SEC) has appealed against Ripple’s ruling, and this has instilled doubt among investors, leading to a 16% drop in XRP’s value this week. In addition, […]

Read More
Default Thumbnail

MARKET RECAP – OCTOBER 2, 2024

STOCK MARKET Dow Jones ended at $42,196.52 (+0.09%) S&P 500 ended at $5,709.54 (+0.01%) Nasdaq Composite ended at $17,925.12 (+0.08%) The stock market saw a noteworthy shift from yesterday’s losses despite the escalating tensions in the Middle East. The Dow Jones Industrial Average, the S&P 500, and Nasdaq Composite all managed to display remarkable resilience […]

Read More
Default Thumbnail

OCTOBER 2, 2024

SURPRISING GROWTH The latest ADP report has revealed that private payrolls showed better-than-expected growth of 143,000 in September. This figure surprised many as it was actually an increase of 15,000 more jobs than economists predicted. This reassures that there is a level of resilience in the labor market despite recent signs of weakness. In addition, […]

Read More
Default Thumbnail

OCTOBER 3, 2024

UNDER PRESSURE Despite Bitwise’s recent ETF filing for XRP, the cryptocurrency is currently experiencing uncertainty and a potential downward trend due to regulatory issues. The U.S. Securities and Exchange Commission (SEC) has appealed against Ripple’s ruling, and this has instilled doubt among investors, leading to a 16% drop in XRP’s value this week. In addition, […]

Read More
Default Thumbnail

MARKET RECAP – OCTOBER 2, 2024

STOCK MARKET Dow Jones ended at $42,196.52 (+0.09%) S&P 500 ended at $5,709.54 (+0.01%) Nasdaq Composite ended at $17,925.12 (+0.08%) The stock market saw a noteworthy shift from yesterday’s losses despite the escalating tensions in the Middle East. The Dow Jones Industrial Average, the S&P 500, and Nasdaq Composite all managed to display remarkable resilience […]

Read More
Default Thumbnail

OCTOBER 2, 2024

SURPRISING GROWTH The latest ADP report has revealed that private payrolls showed better-than-expected growth of 143,000 in September. This figure surprised many as it was actually an increase of 15,000 more jobs than economists predicted. This reassures that there is a level of resilience in the labor market despite recent signs of weakness. In addition, […]

Read More