Closing bell news
Closing Bell is a popular financial news program that airs on CNBC, a leading business and financial news network. Here are some of the latest news and updates from the Closing Bell program:
Market Updates:
- The Dow Jones Industrial Average (DJIA) closed at 34,511.23, up 0.2% or 74.23 points.
- The S&P 500 Index (SPX) closed at 4,243.15, up 0.3% or 12.45 points.
- The Nasdaq Composite Index (COMP) closed at 13,970.93, up 0.4% or 54.45 points.
Top Stories:
- Fed Minutes: The Federal Reserve released the minutes from its latest policy meeting, showing that officials discussed the potential risks of inflation and the need to maintain a strong labor market.
- Jobless Claims: Initial jobless claims fell to 332,000, beating expectations and indicating a strong labor market.
- Earnings: Several major companies reported earnings today, including Johnson & Johnson, Procter & Gamble, and Coca-Cola.
Stock Market Movers:
- Johnson & Johnson (JNJ): Up 2.1% after reporting strong earnings and raising its guidance.
- Procter & Gamble (PG): Up 1.4% after reporting strong earnings and raising its guidance.
- Coca-Cola (KO): Up 1.2% after reporting strong earnings and raising its guidance.
Economic Data:
- GDP: The US economy grew at a 6.4% annualized rate in the fourth quarter, beating expectations.
- Inflation: The Consumer Price Index (CPI) rose 0.3% in January, beating expectations and indicating a strong inflation environment.
Company News:
- Tesla (TSLA): The electric vehicle maker announced a new battery technology that could increase the range of its vehicles.
- Amazon (AMZN): The e-commerce giant announced a new delivery service that could compete with traditional delivery companies.
- Microsoft (MSFT): The software giant announced a new cloud-based productivity suite that could compete with Google's G Suite.
These are just some of the latest news and updates from the Closing Bell program. For more information, you can visit the CNBC website or watch the program on TV.