The stock market saw the Dow Jones Industrial Average drop nearly 100 points today, while bitcoin’s gain propelled several cryptocurrency stocks higher. Treasury Secretary Janet Yellen issued a warning ahead of a major inflation report as a partial government shutdown looms.
The S&P 500 managed a 0.2% rise, with some sectors like communication services and utilities gaining, while others like energy and health suffered. The Nasdaq was flat before ending the day with a 0.4% increase.
On the New York Stock Exchange and Nasdaq, volume was higher compared to the previous day, with advancers outnumbering decliners. The Russell 2000 had a strong performance with a 1.4% climb.
Bitcoin surged past $57,000 and other crypto assets saw gains as well. Coinbase and MicroStrategy stocks rose, while other crypto plays like Marathon Digital and Riot Platforms had mixed results.
In economic news, the Federal Housing Finance Agency House Price Index and the Case-Shiller Home Price Index met expectations, while the consumer confidence index and durable goods orders fell short.
Salesforce stock stayed in profitable territory, while Walt Disney, Goldman Sachs, and Home Depot stocks made gains. Workday, Unity Software, and Zoom Video Communications saw fluctuations in their stock prices.
Cava and Birkenstock saw positive movements, while Shark Ninja, MongoDB, Airbnb, Qualcomm, and Lemonade had varying performances. Overall, the market showed healthy action despite uncertainties.
