Market Recap – June 30th 💰

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Market Recap – June 30th

On Friday’s trading day, markets continued to hold strong, reaching their highest levels for the year as investors attempt to finish a strong first half for 2023. Without any immediate fears of a recession and positive news in the world of AI, markets have resumed their rally and hope to push against important labor data released this week. For the broad indices, S&P 500 grew 1.23%, the NASDAQ Composite went up 1.45%, and the Dow Jones rose 0.84%. Apart from overall market performance, one loser of the day was crypto-services provider Coinbase, with Bitcoin-related regulation concerns from the SEC causing a sharp dip that recovered to a loss of 1.21% at the bell. With recent volatility, cruise stock Carnival posted another big gain at 9.73% following leadership changes and an analyst-cited outlook that seems profitable.

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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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