STOCK MARKET
Dow Jones ended at $41,954.24 (-0.94%)
S&P 500 ended at $5,695.94 (-0.96%)
Nasdaq Composite ended at $17,923.90 (-1.18%)
The stock market began the week with losses across all major indexes primarily due to surging oil prices and rising Treasury yields. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closed lower, with the 10-year Treasury yield rising above 4% for the first time since August. Additionally, tensions in the Middle East contributed to higher oil prices, with U.S. crude settling above $77 per barrel. Investors are also cautious about the impact of these factors on market sentiment and are approaching the start of earnings report season with caution. Energy stocks were the only sector in the S&P 500 to close in positive territory, while utilities and consumer discretionary sectors were among the biggest laggards.
CRYPTO MARKET
Bitcoin rose by 1.01% for the day, with a value of $63,384.91 as of 3:00 PM CST, as stated by Coin Metrics.
