Business news stock exchange
Here are some recent business news and stock exchange updates:
Market Updates
- The Dow Jones Industrial Average (DJIA) closed at 34,511.21 on February 26, up 0.2% from the previous day.
- The S&P 500 Index closed at 4,134.19, up 0.3% from the previous day.
- The Nasdaq Composite Index closed at 13,756.84, up 0.4% from the previous day.
Company News
- Tesla (TSLA): The electric vehicle maker reported a surprise profit in the fourth quarter, sending its stock up 10% in after-hours trading.
- Amazon (AMZN): The e-commerce giant announced a 20-for-1 stock split, which will make its stock more accessible to individual investors.
- Microsoft (MSFT): The software giant reported strong quarterly earnings, driven by growth in its cloud computing business.
Economic News
- Inflation: The US Consumer Price Index (CPI) rose 0.3% in February, driven by higher prices for food and shelter.
- Unemployment: The US unemployment rate fell to 3.5% in February, the lowest level since 1969.
- GDP: The US economy grew at a 4.1% annual rate in the fourth quarter, according to the Bureau of Economic Analysis.
Stock Exchange News
- NYSE: The New York Stock Exchange (NYSE) announced plans to launch a new trading platform, called NYSE Pillar, which will offer faster and more efficient trading.
- Nasdaq: The Nasdaq stock market announced plans to launch a new index, called the Nasdaq-100 Index, which will track the performance of the 100 largest non-financial companies listed on the exchange.
- Cryptocurrency: The price of Bitcoin (BTC) fell 10% in the past week, amid concerns about the impact of regulatory changes on the cryptocurrency market.
Industry News
- Technology: The technology sector continued to drive growth in the US economy, with companies like Apple (AAPL) and Alphabet (GOOGL) reporting strong quarterly earnings.
- Healthcare: The healthcare sector was boosted by strong earnings from companies like Johnson & Johnson (JNJ) and UnitedHealth Group (UNH).
- Energy: The energy sector was mixed, with oil prices falling amid concerns about the impact of the COVID-19 pandemic on global demand.
These are just a few of the latest business news and stock exchange updates. If you're looking for more information, I'd be happy to help!