Here's What the Stock Market Truly Valued on Monday
The stock market was in a down mood on Monday, although major market benchmarks finished near their best levels of the day as investors seemed to regain their footing as the session progressed. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) all suffered losses, but the small-cap Russell 2000 managed to gain a bit of ground, and even among large-cap indexes, declines were modest.
The past few months have been turbulent for stocks, but cryptocurrencies have experienced a lot of volatility. Many people have seen crypto as a store of value and a hedge against inflationary impacts on traditional currencies. Yet Monday showed that when it comes to fighting inflation, many investors want something with a history that's longer than a dozen years. Below, we'll look more closely at this Monday winner, but first, let's look at the numbers.
Major stock indexes were in the red on Monday. After having been down more than 1% at times during the day, though, the benchmarks managed to close the session with much smaller losses.
Source Fool.com
