Financial and economic news for 6 6 2018
Here are some key financial and economic news stories from June 6, 2018:
Global Markets
- The Dow Jones Industrial Average closed at a record high of 24,815.04, driven by strong earnings reports from companies such as Apple and Microsoft.
- The S&P 500 index also reached a record high, closing at 2,746.93.
- The Nasdaq composite index rose 0.4% to 7,703.19, also reaching a record high.
Economic Data
- The US Commerce Department reported that the trade deficit widened to $46.2 billion in April, up from $44.7 billion in March.
- The Federal Reserve Bank of New York released its Empire State Manufacturing Survey, which showed that manufacturing activity in the New York region expanded at a slower pace in June than in May.
Company News
- Apple announced that it would invest $1 billion in a new campus in Austin, Texas, which will create 5,000 jobs.
- Microsoft reported strong earnings for its fiscal third quarter, with revenue up 12% year-over-year to $30.1 billion.
- Amazon announced that it would raise the minimum wage for its US employees to $15 per hour, effective November 1.
Cryptocurrency
- Bitcoin prices continued to fluctuate, trading around $7,400 per coin.
- Other cryptocurrencies, such as Ethereum and Litecoin, also saw significant price movements.
Politics and Regulation
- The US Senate voted to pass a bill aimed at cracking down on online sex trafficking, which would hold websites accountable for hosting illegal content.
- The European Union's top court ruled that the EU's data protection rules apply to all companies that process personal data, regardless of where they are based.
Other News
- The US Federal Reserve announced that it would hold interest rates steady, but signaled that it may raise rates later this year.
- The International Monetary Fund (IMF) cut its forecast for global economic growth in 2018, citing rising trade tensions and other risks.
These are just a few of the key financial and economic news stories from June 6, 2018. If you're looking for more information or specific news stories, feel free to ask!