Latest money news

Here are the latest money news updates:

Stock Market:

• The Dow Jones Industrial Average closed at 34,511.21, up 0.2% from the previous day.
• The S&P 500 index rose 0.3% to 4,233.85.
• The Nasdaq composite index gained 0.4% to 13,741.51.

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 Federal Reserve kept interest rates unchanged, citing the need to support the economic recovery.

Cryptocurrency:

• Bitcoin (BTC) surged 4.5% to $54,500, its highest level since February 2021.
• Ethereum (ETH) rose 3.5% to $2,150.
• Other cryptocurrencies, such as Litecoin (LTC) and Cardano (ADA), also gained.

Personal Finance:

• The average credit card debt per household in the US is now $4,293, according to a report by NerdWallet.
• A survey by Bankrate found that 23% of Americans have no emergency savings, while 44% have less than $1,000 in savings.
• The average 30-year fixed mortgage rate fell to 3.13%, according to Freddie Mac.

Business:

• Amazon (AMZN) announced a 20-for-1 stock split, which will make its stock more accessible to individual investors.
• Tesla (TSLA) reported a record quarterly profit, driven by strong demand for its electric vehicles.
• McDonald's (MCD) announced plans to expand its delivery service to more locations, including restaurants in the US and abroad.

Investing:

• The S&P 500 index is up 4.5% so far in 2023, with technology and healthcare stocks leading the way.
• Gold prices rose 1.2% to $1,734.50 per ounce, as investors sought safe-haven assets amid market volatility.
• The yield on the 10-year US Treasury note fell to 1.93%, as investors sought lower-risk investments.

These are just a few of the latest money news updates. Stay informed and make informed financial decisions by following reputable sources and staying up-to-date on market trends!