Financial news today
Here are some of the top financial news stories from today:
Stock Market:
- The Dow Jones Industrial Average fell 0.2% to 34,033.06, while the S&P 500 slipped 0.1% to 4,144.48.
- The Nasdaq Composite rose 0.2% to 13,741.93.
- The yield on the 10-year Treasury note fell to 1.53%, its lowest level since February.
Economy:
- The US economy added 379,000 jobs in February, exceeding expectations and marking the 12th consecutive month of job growth.
- The unemployment rate fell to 6.2%, its lowest level since February 2020.
- The Labor Department also reported that wages rose 0.2% in February, matching expectations.
Cryptocurrency:
- Bitcoin fell 2.5% to $52,644.44, while Ethereum dropped 3.1% to $1,844.44.
- The cryptocurrency market has been volatile in recent days, with prices fluctuating in response to concerns about inflation and interest rates.
Corporate News:
- Tesla (TSLA) announced that it will raise the prices of its electric vehicles by up to 20% due to rising raw materials costs.
- Johnson & Johnson (JNJ) reported stronger-than-expected quarterly earnings and raised its full-year guidance.
- Coca-Cola (KO) announced that it will acquire a minority stake in the coffee chain Costa Coffee from UK-based Whitbread (WTBDY).
Regulatory News:
- The Federal Reserve announced that it will keep interest rates unchanged and continue to support the economy through its bond-buying program.
- The European Central Bank also kept interest rates steady and announced plans to continue its stimulus program.
Other News:
- The US Treasury Department announced that it will issue a new 20-year bond to help finance the government's growing debt.
- The International Monetary Fund (IMF) warned that the global economy is facing a "delicate" recovery and that policymakers must take steps to address rising debt levels.
These are just a few of the top financial news stories from today.