Market Commentary - EOW 42
👉 General Market Update:
The Dow Jones Industrial Average raced to its best three-week stretch since November 2020, boosted by the prospect of a slower pace of interest rate increases and the latest batch of corporate earnings.
Investors have been closely watching earnings for clues on how rising rates, a strong dollar, and high inflation are affecting company profits. Results for the third quarter have thus far been a mixed bag. U.S. banks helped boost markets earlier this week with better-than-expected results, but cracks are showing elsewhere. So far, the net profit margin of S&P 500 companies in the third quarter is set to decrease for the fifth consecutive period.
👉 Crypto Market Update
Global Crypto Market Cap: $961 Bn
Altcoin Share of Market: $592 Bn
Crypto Fear & Greed: 20 (Extreme Fear)
🔶 BTC - $19,226.28 (1.37%)
🔷 ETH - $1,316.44 (2.82%)
🟣 SOL - $28.03 (2.93%)
🔴 AVAX - $15.70 (4.36%)
🔵 ADA - $0.3499 (3.60%)
⭕️ DOT - 5.83 (0.15%)
⚫️ NEAR - $2.90 (3.56%)
⚛️ ATOM - $11.70 (3.98%)
👻 AAVE - $83.02 (2.72%)
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