Geep market moni news
Here are some recent market money news:
Stock Market:
- The Dow Jones Industrial Average (DJIA) closed at 34,511.21 on February 26, up 0.4% from the previous day.
- The S&P 500 Index (SPX) closed at 4,134.68, up 0.5% from the previous day.
- The Nasdaq Composite Index (COMP) closed at 13,464.24, up 0.7% from the previous day.
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%, the lowest level since February 2020.
- The Consumer Price Index (CPI) rose 0.4% in February, driven by higher prices for food, energy, and housing.
Cryptocurrency:
- Bitcoin (BTC) traded at around $54,000 on February 26, up 2.5% from the previous day.
- Ethereum (ETH) traded at around $1,900, up 3.5% from the previous day.
- Other cryptocurrencies, such as Litecoin (LTC) and Ripple (XRP), also saw gains.
Commodities:
- Oil prices rose, with West Texas Intermediate (WTI) crude oil trading at around $65 per barrel, up 2.5% from the previous day.
- Gold prices fell, trading at around $1,670 per ounce, down 0.5% from the previous day.
- Copper prices rose, trading at around $3.50 per pound, up 1.5% from the previous day.
Market News:
- The Federal Reserve announced that it would keep interest rates unchanged, citing the strong labor market and rising inflation.
- The European Central Bank also kept interest rates unchanged, citing the need to support the region's economic recovery.
- The US Treasury Department announced that it would issue a record amount of debt in 2021, driven by the government's response to the COVID-19 pandemic.