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MARKET RECAP – SEPTEMBER 25, 2024

Written By: Jenny Galeano Gamboa

September 25, 2024

STOCK MARKET

Dow Jones ended at $41,914.75 (-0.70%)

S&P 500 ended at $5,722.26 (-0.19%)

Nasdaq Composite ended at $18,082.21 (+0.04%)

The stock market experienced mixed performances due to a variety of factors impacting different sectors. The Dow Jones Industrial Average and S&P 500 slid from their recent records. The market was dragged down by declines in certain stocks, such as Amgen, General Motors, and Ford, following downgrades and negative news. On the other hand, the Nasdaq Composite remained on the positive side as tech sector showed strength, with companies like Hewlett Packard Enterprise and Nvidia posting gains. Overall, despite the losses witnessed, the market is still on track for a positive September, but concerns about a slowing economy persist after the Federal Reserve’s recent rate cut. Thus, investors are closely monitoring further economic data and the Fed’s actions to determine the future outlook of the stock market and other asset classes.

CRYPTO MARKET

Bitcoin fell by 1.18% for the day, with a value of $63,242.58 as of 3:00 PM CST, as stated by Coin Metrics.

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