STOCK MARKET
Dow Jones ended at $42,330.15 (+0.04%)
S&P 500 ended at $5,762.48 (+0.42%)
Nasdaq Composite ended at $18,189.17 (+0.38%)
The stock market ended the month with gains across all major indexes, including the S&P 500, which posted a record close. The gains were attributed to the Federal Reserve cutting interest rates by a half point, which helped stocks rally. It is worth noting that although there were some choppiness in the market due to comments from Fed Chair Jerome Powell, stocks still finished the month with overall gains. Furthermore, let’s remark that despite experiencing some struggles, this quarter ultimately ended with the Dow finishing more than 8% higher, while the S&P 500 and Nasdaq Composite also posted gains of 5.5% and 2.6%, respectively. Overall, optimism remains high for the rest of the year, and although October historically has a troubling history for markets with extreme volatility, investors are broadly positive heading into the final stretch of the year.
CRYPTO MARKET
Bitcoin fell by 3.72% for the day, with a value of $63,451.12 as of 3:00 PM CST, as stated by Coin Metrics.
