Major U.S. stock indexes recovered, posting gains and reversing the declines witnessed in the prior week, which marked the end of a nine-week positive streak in late 2023. At the close of trading on Friday, the S&P 500 was on the verge of regaining its record closing high from January 3, 2022, sitting just 0.3% below the milestone.
In the cryptocurrency sphere, the price of Bitcoin, the most extensively traded digital currency, experienced fluctuations. After reaching its highest intraday level since March 2022, briefly surpassing $48,000 on Thursday, Bitcoin saw a slight decline on Friday, trading below $44,000. This movement followed a significant rebound from a low point around $25,000 recorded in September 2023.
Investors and market observers are closely monitoring these developments, as both traditional stock markets and cryptocurrencies continue to exhibit dynamic movements in the early weeks of the new year.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent gain of 388 points, reaching a closing value of 15,310 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 51 points to settle at 4,839 points. Meanwhile, DJIA Index experienced a notable hike, gaining by 271 points during the week and concluding at 37,863 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight gain of 28 points to reach 2,773 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 6 point, ending the week at 1,944 points.
