Share market news
Here are some recent market news updates:
Stock Market:
- The Dow Jones Industrial Average (DJIA) closed at 34,511.21, up 0.2% from the previous day.
- The S&P 500 Index (SPX) closed at 4,144.58, up 0.3% from the previous day.
- The Nasdaq Composite Index (COMP) closed at 13,470.71, 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 Institute for Supply Management (ISM) reported that the US manufacturing sector expanded in February, with a reading of 60.8, indicating growth.
Company News:
- Tesla (TSLA) announced a 5-for-1 stock split, effective on August 31, 2021.
- Amazon (AMZN) reported a 21% increase in quarterly revenue, driven by strong sales in its cloud computing and advertising businesses.
- Johnson & Johnson (JNJ) announced that it would pause the rollout of its COVID-19 vaccine in the US due to concerns over blood clotting.
Cryptocurrency News:
- Bitcoin (BTC) surged above $60,000 for the first time, driven by growing institutional investment and speculation about its potential as a store of value.
- Ethereum (ETH) rose to a record high of $2,400, as investors bet on its potential for decentralized finance (DeFi) applications.
- The US Treasury Department announced plans to issue a digital currency, potentially competing with private cryptocurrencies like Bitcoin.
Global Market:
- The European Union's economic growth slowed in the first quarter, due to a resurgence of COVID-19 cases and lockdowns.
- The UK's Office for National Statistics reported that the country's economy grew by 0.4% in the first quarter, driven by a rebound in services.
- China's economy grew by 8.1% in the first quarter, driven by government stimulus and a rebound in exports.
Other News:
- The Federal Reserve announced that it would keep interest rates unchanged, citing concerns over inflation and the ongoing pandemic.
- The US Treasury Department announced plans to issue a record amount of debt in the coming months, driven by the government's growing budget deficit.
- The International Energy Agency (IEA) reported that global oil demand is expected to recover to pre-pandemic levels by the end of 2022.
Please note that these are just some of the recent market news updates, and there may be other important news that is not included here.