Latest financial news today
Here are some of the latest financial news stories from around the world:
Global Markets
- The Dow Jones Industrial Average fell 0.4% to 33,147.25, while the S&P 500 slipped 0.3% to 4,134.19. (Source: CNBC)
- The Nasdaq Composite dropped 0.5% to 12,744.25. (Source: CNBC)
- The yield on the 10-year Treasury note fell to 1.53%, its lowest level since February. (Source: Bloomberg)
Economy
- The US economy added 379,000 jobs in February, exceeding expectations and marking the 12th consecutive month of job growth. (Source: Bureau of Labor Statistics)
- The unemployment rate fell to 6.2%, its lowest level since February 2020. (Source: Bureau of Labor Statistics)
- The US trade deficit widened to $68.2 billion in January, the largest deficit since October 2008. (Source: US Census Bureau)
Companies
- Tesla (TSLA) shares fell 4.5% after the company reported a wider-than-expected loss in the fourth quarter. (Source: Reuters)
- Amazon (AMZN) shares rose 2.5% after the company reported a 21% increase in revenue in the fourth quarter. (Source: CNBC)
- Johnson & Johnson (JNJ) shares fell 2.5% after the company reported a 14% decline in revenue in the fourth quarter. (Source: Bloomberg)
Cryptocurrencies
- Bitcoin (BTC) fell 2.5% to $52,600, while Ethereum (ETH) fell 3.5% to $1,850. (Source: CoinDesk)
- The total value of all cryptocurrencies fell to around $2.5 trillion, down from a peak of over $3 trillion in January. (Source: CoinMarketCap)
Regulatory News
- The US Federal Reserve announced that it will keep interest rates unchanged and continue to buy bonds to support the economy. (Source: Federal Reserve)
- The European Union's top court ruled that the EU's carbon pricing scheme is compatible with EU law. (Source: Reuters)
Other News
- The International Monetary Fund (IMF) cut its global growth forecast for 2023, citing concerns over the impact of the COVID-19 pandemic and rising inflation. (Source: IMF)
- The World Bank announced that it will provide $12 billion in financing to support the global response to the COVID-19 pandemic. (Source: World Bank)
These are just a few of the latest financial news stories.