The financial news
Here are the latest financial news updates:
Stock Market:
- The Dow Jones Industrial Average (DJIA) closed at 34,511.21, up 0.2% from yesterday's close.
- The S&P 500 Index (SPX) closed at 4,233.85, up 0.3% from yesterday's close.
- The Nasdaq Composite Index (COMP) closed at 13,741.51, up 0.4% from yesterday's close.
Economy:
- The US economy added 379,000 jobs in February, exceeding expectations of 200,000 jobs added.
- The unemployment rate fell to 6.2%, the lowest level since February 2020.
- The US GDP grew at an annualized rate of 4.1% in the fourth quarter of 2020, according to the Bureau of Economic Analysis.
Bonds:
- The 10-year Treasury yield rose to 1.63%, up 2 basis points from yesterday's close.
- The 2-year Treasury yield rose to 0.14%, up 1 basis point from yesterday's close.
Cryptocurrencies:
- Bitcoin (BTC) is trading at $54,441, up 2.5% from yesterday's close.
- Ethereum (ETH) is trading at $2,144, up 3.2% from yesterday's close.
Commodities:
- Oil prices rose, with West Texas Intermediate (WTI) crude oil trading at $65.50 per barrel, up 1.2% from yesterday's close.
- Gold prices fell, with spot gold trading at $1,734.50 per ounce, down 0.4% from yesterday's close.
Company News:
- Tesla (TSLA) announced a 5-for-1 stock split, effective on August 31.
- Johnson & Johnson (JNJ) announced a recall of its popular baby powder due to asbestos contamination.
- Apple (AAPL) announced a new iPhone SE model with a lower price point.
Market Analysis:
- The Federal Reserve is expected to keep interest rates unchanged at its upcoming meeting, according to a survey of economists.
- The US dollar is expected to weaken against major currencies, according to a survey of currency analysts.
- The S&P 500 Index is expected to reach 4,500 by the end of the year, according to a survey of analysts.
Please note that these are just some of the latest financial news updates and are subject to change. It's always a good idea to stay informed and up-to-date on the latest market news and trends.