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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.

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