Market Brief 02 September, 2024

Good evening, investors and traders! The markets are showing positive momentum today, with the Nasdaq 100 Index (NDX) up by 1.28% to 19,571.96 and the S&P 500 Index (GSPC) gaining 1.01% to 5,648.21. Several key developments are shaping the market landscape, including the SEC's scrutiny of FTX's repayment plan, the ongoing investigation of Telegram in South Korea, and the successful launch of Cardano's Chang hard fork. The crypto market is experiencing volatility, with Bitcoin facing a potential decline to $51,348, while Solana memecoins are struggling amid market shifts. Meanwhile, the global economy is showing mixed signals, with Japan's factory activity contracting at a milder pace and Australia's central bank signaling that interest rates will likely remain unchanged. Keep an eye on these developments as they could significantly impact market performance in the coming days.