Geep market money news
Here are some recent market news and updates:
Stock Market:
- The Dow Jones Industrial Average (DJIA) closed at 34,511.21 on Friday, up 0.2% from the previous day.
- The S&P 500 Index (SPX) closed at 4,234.17, up 0.3% from the previous day.
- The Nasdaq Composite Index (COMP) closed at 13,970.93, up 0.4% from the previous day.
Economic News:
- 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%, the lowest level since February 2020.
- The US Federal Reserve kept interest rates unchanged and signaled that it may raise rates later this year to combat inflation.
Cryptocurrency:
- Bitcoin (BTC) is trading at around $54,000, up 2% from the previous day.
- Ethereum (ETH) is trading at around $1,900, up 3% from the previous day.
- Other cryptocurrencies, such as Litecoin (LTC) and Ripple (XRP), are also experiencing gains.
Commodities:
- Oil prices are up 1% from the previous day, with West Texas Intermediate (WTI) crude oil trading at around $65 per barrel.
- Gold prices are down 0.5% from the previous day, trading at around $1,700 per ounce.
- Copper prices are up 1.5% from the previous day, trading at around $3.50 per pound.
Company News:
- Tesla (TSLA) announced a 50% increase in its vehicle production capacity, citing strong demand for its electric vehicles.
- Amazon (AMZN) announced a 20% increase in its minimum wage for US employees, effective March 1.
- Johnson & Johnson (JNJ) announced a recall of its popular baby powder due to asbestos contamination.
Market Trends:
- The US dollar is strengthening against major currencies, with the US Dollar Index (DXY) up 0.5% from the previous day.
- Bond yields are rising, with the 10-year US Treasury yield up 2 basis points to 1.57%.
- The VIX volatility index is down 2.5% from the previous day, indicating a decrease in market volatility.
Please note that these are just some of the recent market news and updates, and it's always a good idea to stay informed and do your own research before making any investment decisions.