Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

MARKET RECAP – SEPTEMBER 14, 2023

STOCK MARKET

Dow Jones ended at $34,907.11 (+0.96%)

S&P 500 ended at $4,505.10 (+0.84%)

Nasdaq Composite ended at $13,926.05 (+0.81%)

The stock market saw significant gains across all major indexes, as the Dow Jones Industrial Average experienced a notable turnaround and recorded its strongest rally in a month. Traders were particularly excited about the revival of Wall Street’s IPO market and the release of positive economic data. As a result, the Dow rose after two consecutive sessions of losses. In addition, this positive trend was also witnessed by the S&P 500 and the Nasdaq Composite, with both indexes increasing for a second day in a row. One specific factor that contributed to the market’s upward movement was the successful IPO of Arm, a chip design company. Investors saw this as a positive sign for the IPO market, which had been relatively stagnant in recent times. Moreover, the positive sentiment experienced by the overall market was also reinforced by a set of encouraging economic reports, including tamer core inflation data and strong retail sales figures.

CRYPTO MARKET

Bitcoin rose by 2.00% with a value of $26,689.00 as of 3:00 PM CST, as stated by Coin Metrics.

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

JUNE 24, 2024

CRYPTOS PLUNGED The cryptocurrency market is currently experiencing significant losses, marked by its second-largest weekly drop in 2024. This downturn reflects decreasing demand for Bitcoin exchange-traded funds (ETFs) and ongoing uncertainties surrounding monetary policy. An index from Bloomberg tracking the top 100 digital assets reported a 5% decline over the past week, the steepest since […]

Read More
Default Thumbnail

MARKET RECAP – JUNE 21, 2024

STOCK MARKET Dow Jones ended at $39,150.33 (+0.04%) S&P 500 ended at $5,464.62 (-0.16%) Nasdaq Composite ended at $17,689.36 (-0.18%) The stock market ended the week with mixed performances primarily due to the influential decline of the major player in the technology sector, Nvidia, which dragged down the S&P 500 and Nasdaq Composite. Meanwhile, the […]

Read More
Default Thumbnail

JUNE 21, 2024

STEEP OUTFLOWS It has been reported that as of yesterday, Bitcoin exchange-traded funds (ETFs) in the U.S. recorded their fifth consecutive day of outflows, losing over $900 million this week. Data from SoSoValue indicates that the 11 listed ETFs experienced a loss of $140 million on Thursday with $1.1 billion in trading volumes. Grayscale’s GBTC, […]

Read More