STOCK MARKET
Dow Jones ended at $41,763.46 (-0.90%)
S&P 500 ended at $5,705.45 (-1.86%)
Nasdaq Composite ended at $18,095.15 (-2.76%)
The stock market ended the month in red as all major indexes reported losses for a second consecutive trading session. This was due to discouraging quarterly reports from megacap technology companies. Microsoft and Meta Platforms disappointed investors with their revenue guidance and user growth, leading to a sell-off in the tech sector. Additionally, the lower performances were also fueled by the uncertainty surrounding the U.S. Presidential election, which is scheduled to take place on November 5. Overall, October was a choppy month for the stock market with the Dow Jones Industrial Average and the Nasdaq Composite falling by 1.3% and 1%, respectively. In addition, the S&P 500 has also joined the downward trend as it has decreased by 1.8% week to date.
CRYPTO MARKET
Bitcoin fell by 2.77% for the day, with a value of $69,925.15 as of 3:00 PM CST, as stated by Coin Metrics.
