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MARKET RECAP – SEPTEMBER 6, 2023

STOCK MARKET

Dow Jones ended at $34,443.19 (-0.57%)

S&P 500 ended at $4,465.48 (-0.70%)

Nasdaq Composite ended at $13,872.47 (-1.06%)

Stocks experienced losses for a second day in a row following the recent rise in Treasury yields, as well as the stronger-than-expected ISM services and manufacturing indexes. The increase in yields coincided with stronger-than-expected economic data, raised concerns about the Federal Reserve continuing to raise interest rates. As a result, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all decreased, with the Nasdaq leading the downward trend due to the declines experienced by Nvidia and Tesla.

CRYPTO MARKET

Bitcoin fell by 0.16% with a value of $25,668.58 as of 3:00 PM CST, as stated by Coin Metrics.

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