Equities news today
Here are some of the top equities news stories from today:
Market News
- The Dow Jones Industrial Average and S&P 500 both rose to record highs, driven by strong earnings reports and optimism about the economy. (Source: CNBC)
- The Nasdaq Composite also rose to a record high, led by gains in technology and healthcare stocks. (Source: Bloomberg)
Earnings News
- Apple (AAPL) reported strong quarterly earnings, beating expectations and sending its stock up 2.5%. (Source: Reuters)
- Amazon (AMZN) also reported strong earnings, with its stock rising 2.1%. (Source: CNBC)
- Microsoft (MSFT) reported strong earnings, with its stock rising 1.5%. (Source: Bloomberg)
Company News
- Tesla (TSLA) announced that it will cut prices for its electric vehicles in the US, citing declining demand. (Source: The Verge)
- Facebook (FB) announced that it will launch a new cryptocurrency called Libra, which will be backed by a basket of currencies. (Source: The New York Times)
- Boeing (BA) announced that it will cut production of its 737 MAX aircraft, citing ongoing regulatory issues. (Source: CNN)
Sector News
- The technology sector was a major driver of the market's gains today, with stocks like Apple, Amazon, and Microsoft all rising. (Source: CNBC)
- The healthcare sector also rose, driven by strong earnings reports from companies like UnitedHealth Group (UNH) and CVS Health (CVS). (Source: Bloomberg)
- The energy sector was a laggard, with stocks like ExxonMobil (XOM) and Chevron (CVX) falling. (Source: The Wall Street Journal)
Economic News
- The US economy added 225,000 jobs in January, beating expectations and sending the unemployment rate to a 50-year low. (Source: The New York Times)
- The US trade deficit widened to a record high in December, driven by a surge in imports. (Source: Bloomberg)
- The Federal Reserve left interest rates unchanged today, citing a strong economy and low inflation. (Source: CNBC)