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MARKET RECAP – SEPTEMBER 13, 2024

Written By: Jenny Galeano Gamboa

September 13, 2024

STOCK MARKET

Dow Jones ended at $41,393.78 (+0.72%)

S&P 500 ended at $5,626.02 (+0.54%)

Nasdaq Composite ended at $17,683.98 (+0.65%)

The stock market ended the week with gains across all major indexes as investors remained optimistic ahead of the upcoming Federal Reserve meeting, where a rate cut is expected. In addition, mega cap tech and semiconductor companies helped to drive the rebound rally after recent underperformance, and sectors like utilities, materials, and industrials led the market higher. Overall, the S&P 500 and Nasdaq Composote had their best week in 2024, with gains of 3.6% and 5.3% respectively, while the Dow Jones Industrial Average also increased.

CRYPTO MARKET

Bitcoin rose by 2.45% for the day, with a value of $59,723.19 as of 3:00 PM CST, as stated by Coin Metrics.

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