STOCK MARKET
Dow Jones ended at $34,575.53 (-0.20%)
S&P 500 ended at $4,467.44 (+0.12%)
Nasdaq Composite ended at $13,813.59 (+0.29%)
The stock market witnessed mixed performances with the Dow Jones Industrial Average decreasing for a second consecutive day following the latest Labor Department’s report, which displayed a high core inflation reading for August. In addition, the poor performance of certain stocks in the Dow, notably 3M and Caterpillar, also contributed to the decline of the index. Shares of 3M dropped over 5% after the company’s finance chief expressed concerns about a slow growth environment, while Caterpillar shares were down more than 2%. Nonetheless, despite the losses experienced by the Dow, the S&P 500 and the Nasdaq Composite did not seem strongly affected by the latest inflation data, as both indexes ended on a positive note with slight gains after their performance was buoyed by the increases experienced in the shares of Tesla and Amazon.
CRYPTO MARKET
Bitcoin rose by 0.19% with a value of $26,151.63 as of 3:00 PM CST, as stated by Coin Metrics.